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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (186787)12/1/2014 10:24:47 AM
From: isopatch3 Recommendations

Recommended By
CommanderCricket
Fiscally Conservative
old tx oiler

  Read Replies (1) | Respond to of 206338
 
In a word? Yes.

Been thinking along those lines, in just the last day or two. No doubt others have come to the same conclusion. That being, although the lag time varies from cycle to cycle, major moves in commodities (not just oil) such as we've been seeing unfold for months...

Message 29830752

often lead major moves in the stock market in the same direction. Only question in my mind, right now is can the boyz hold the broad stock averages up til their year end bonus' are finalized?

Iso



To: Fiscally Conservative who wrote (186787)12/1/2014 11:18:22 AM
From: zebra4o16 Recommendations

Recommended By
Brian Sullivan
CommanderCricket
Davy Crockett
isopatch
kidl

and 1 more member

  Respond to of 206338
 
Yes! Everyone (beside energy investors) seems to be euphoric about this drop in the price of oil and how much it will help the economy. But seems like the fall could be interpreted instead as a sign of a nasty global slow down.

On the other hand, the commodity market has become totally financialized, so we could be seeing primarily a trading driven crash. Could go way farther than makes any sense based on the fundamentals. This could cause lot of financial chaos - bond defaults, bankruptcies, etc. Not necessarily bullish for the S&P.



To: Fiscally Conservative who wrote (186787)12/1/2014 11:18:36 AM
From: Sam2 Recommendations

Recommended By
Eric
kidl

  Read Replies (2) | Respond to of 206338
 
A drop in oil prices is good for just about everyone and every company that isn't in the oil patch itself. So, while admittedly the market is somewhat overbought right now after recovering from the October swoon, I think that more market highs will be forthcoming, assuming that the incoming Congress doesn't do something stupid (which is of course always possible). FWIW....

Am I the only one guessing the Equity Market has seen the last of her Highs for some time ?