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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (70703)	6/4/2008 5:53:48 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 543033

"Now perhaps you could answer a question for me. First, some background questions. Is there any such thing as a market bubble? Do prices ever get to the point where they reflect investor greed more than they reflect real-world conditions? Now the real question. If you agree that market bubbles do occur, would you concede that it's possible that we're seeing one in oil right now? - Allen" Market bubble - c'mon - of course there is. Oil bubble now possibility - of course - I have told you I am long DUG. The issue is what is the current market price. I bet it was not $135. I would not bet against $110. Watch the far out future prices for what the smart money thinks. I would say any price north of $90 is a huge market equilibrium change.