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To: long-gone who wrote (33084)5/3/1999 4:53:00 PM
From: donald martin  Respond to of 117073
 
<<stagflation, - just a touch, but a far lower pace than before. $410 June / july 2000>>

I'm in for the long haul. That said though, notice how quickly retail gasoline has bounced from it's lows this winter? We were around 90 cents at the pump here for a while (back to $1.10ish now). I won't make a time dependent bet (options, margin, etc.), and I don't EXPECT it, but I wouldn't be surprised by $410 in July 1999. I am not a technician; I hate that drivel "If it goes to $325 it could go to $400". But $325 would probably kick off a lot of panic buying from you know who.