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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (9550)	6/18/2008 11:45:29 AM
From: Stoctrash	Read Replies (3) \| Respond to of 33421

Ox, I don't think oil bursts and turns tail South to $50. That's a pipe dream for anytime soon, imho. My guess is that it will likely level off from another spike higher (150?) as the econ tanks ala FDX and the BKX's players. On that note Take a good look at that BKX chart...visions of what to come for the SPX. Look at the metals markets, they spiked early this year and are now building a base. Same thing I think happens to oil...say level off at 110-120 later this year after election. Oil Industry people I've spoken with are saying level off at 150, but wtfdtk...? <GG> fwiw..a friend just bought a new Honda Pilot...the sales guy said he has 40 on the lot and hasn't sold one yet and it gets 18-24mpg. Started talking price at 13% off sticker. Imagine how bad the big SUV guys are eating it...oUCHHHH!! This is not news...just confirmation shit is hitting fan and it's not a whiff of pre fart stuff <GGG>