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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (84534)	9/4/2008 2:17:56 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 116555

So what are people to do? Where will all that cash end up? Hmmmm...

To: Crimson Ghost who wrote (84534)	9/4/2008 2:20:37 PM
From: Keith Feral	Respond to of 116555

I think we are getting close. However, I still think oil can push a few points lower to test $100. The shorts are cashing in between Gross and lower massive deleveraging in the commodity sectors today. If I had to make a silver lining, the decrease in commodity prices hasn't made a dent in earnings for too many energy companies at this point. Most of the eps estimates are based at $90. However, you don't buy an oil stock until oil stops going down.