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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (429934)	10/24/2008 2:40:16 PM
From: tejek	Respond to of 1572746

>Get ready to reload DUG and DXD after feds cut rates next Wed. I am definitely reloading on DXD, but how much lower can oil prices possibly go? I expect oil prices to rise going into the FOMC meeting on Wed......between OPEC working with Russia to cut back and the prospect of a rate cut to stimulate the economy, oil should rally. The dollar should also weaken due to the cut in the fed funds rate which also will help to push oil prices up. I expect that to reverse after the rate cut actually happens. However, there is the seasonality factor which may cause the DOW to rally so its best to play it by ear. BTW, I think DUG is more tied in to oil stocks rather than the price of crude. I will have to check.