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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1055)	8/3/2010 12:39:57 PM
From: tejek	Respond to of 1428

What it's saying is that hat the USD is declining relative to oil and other commodity prices. It certainly has been against the Euro since that currency hit 1.19. No, the point he's making is that the price of oil refuses to drop beyond a certain point and that suggests demand and the global economy is strong enough to prevent a further decline. That also suggests we continue to be in reoovery. And since I posted that article, oil has moved above $80. This chart further supports that oil is bottoming: quotes.ino.com