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Market Talk
- Thread starter Spaf
- Start date
o I will hold in the safe harbor, G. That's it again Tom my fun meter is peged. Time for the market to go up.
imported post
After sitting in the G fund for weeks today was my first day back in stocks (50 C/50 I). I'm pretty pleased with how things are going. It looks like the lows are being tested and holding. The 50% bearish sentiment means there should be plenty of money on the sidelines ready to come in. The question in my mind is now that the dollar is at the high end of it's recent trading range will it slowly drop down to 80 again or will it break resistance and keep heading up. If it does I'll take my 50 I and throw it into C or S. If it begins to drop back down I'll go 100% I.
Dave
After sitting in the G fund for weeks today was my first day back in stocks (50 C/50 I). I'm pretty pleased with how things are going. It looks like the lows are being tested and holding. The 50% bearish sentiment means there should be plenty of money on the sidelines ready to come in. The question in my mind is now that the dollar is at the high end of it's recent trading range will it slowly drop down to 80 again or will it break resistance and keep heading up. If it does I'll take my 50 I and throw it into C or S. If it begins to drop back down I'll go 100% I.
Dave
imported post
Wheels wrote:
Dave I wish you all the green in the world. Problem that scares me is the intrest rates. If they start to go up quick and fast then that will do two things, I fear. One the U.S. dollar would go up in value. This is bad for the I fund. (You could jump as you mentioned.)
Two- the stock market would take a hit. The largest negative impact would be on the small business. This would be the S fund. I am a great fan of that fund. It has done nice for me in the past. Intrest rates were low though. The C fund would also take a hit. Not telling you not to do any thing. Just food for thought.
You did good today and perhaps it is time for the market to go up. Hope your right and wish you all the luck.
Wheels wrote:
Dave I wish you all the green in the world. Problem that scares me is the intrest rates. If they start to go up quick and fast then that will do two things, I fear. One the U.S. dollar would go up in value. This is bad for the I fund. (You could jump as you mentioned.)
Two- the stock market would take a hit. The largest negative impact would be on the small business. This would be the S fund. I am a great fan of that fund. It has done nice for me in the past. Intrest rates were low though. The C fund would also take a hit. Not telling you not to do any thing. Just food for thought.
You did good today and perhaps it is time for the market to go up. Hope your right and wish you all the luck.
Spaf
Honorary Hall of Fame Member
imported post
The Kingdom of TSP
Market weather and Tarot Cards April 4 Closing
Weather: Indexes fluctuated till town folks ran energy horseman out of valley. Will he return? Someone said big fed chief due to speak tomorrow. Last time he spoke flush was heard round the world. Abucket of lube at the market went for $57.01 in the PM, dn -0.26.
Cards (charts): S&P closed at 1176.12 up 3.20 (from 1172.92).
The CMF money flow indicator crept up to -0.238 (from -0.239).
RSIstrength [50 mid pt] increased to 42.8 (from 40.5).
MACD moving averages were bearish at -7.17 (up from -7.37).
P-SAR now holding green.
Remarks: G-Fund remains safe. Support level at 1163 may be holding.Caution - bottom fishing is still risky.
Will place a temporary IFT for 65G, 20C, and 15S to confirm at AM Mkt conditions.
Rgds, and be careful!
Spaf
The Kingdom of TSP
Market weather and Tarot Cards April 4 Closing
Weather: Indexes fluctuated till town folks ran energy horseman out of valley. Will he return? Someone said big fed chief due to speak tomorrow. Last time he spoke flush was heard round the world. Abucket of lube at the market went for $57.01 in the PM, dn -0.26.
Cards (charts): S&P closed at 1176.12 up 3.20 (from 1172.92).
The CMF money flow indicator crept up to -0.238 (from -0.239).
RSIstrength [50 mid pt] increased to 42.8 (from 40.5).
MACD moving averages were bearish at -7.17 (up from -7.37).
P-SAR now holding green.
Remarks: G-Fund remains safe. Support level at 1163 may be holding.Caution - bottom fishing is still risky.
Will place a temporary IFT for 65G, 20C, and 15S to confirm at AM Mkt conditions.
Rgds, and be careful!
Spaf
teknobucks
Active member
teknobucks
Active member
imported post
learning wrote:
Keeping a close eye on it,
Dave
learning wrote:
I'm not too worried about interest rates. The fed is pretty clear about their intentions to raise a quarter point at a time and to stop at 4 or 4.5%. The dollar has already fallen this year under these conditions. The reason the dollar has rallied the last few days is because there have been a couple hints that inflation might be heating up and so the thinking goes that maybe the Fed will get more aggressive or maybe they'll have to go higher than they thought. If the dollar breaks out of it's recent range then I'll put a little more weight on these concerns but I believe the dollar could just as easily return to the bottom of it's recent trading range and that would be great for the I fund.
Keeping a close eye on it,
Dave
teknobucks
Active member
imported post
corporate borrowing....
http://www.economist.com/agenda/displayStory.cfm?story_id=3808408
interesting article on oil:dude:
Oil Contrarian Sees Bubble Ready to Burst
Monday April 4, 4:04 pm ET
By Brad Foss, AP Business Writer
Crude Oil Contrarian Believes Oil Prices Could Plummet to $28 Per Barrel As Early As Summer
Most energy analysts on Wall Street expect oil prices to remain high for the foreseeable future because of strong demand and limited supply.
Then there is Tim Evans, a contrarian who says today's crude oil prices above $50 a barrel reflect nothing more than a market bubble fed by speculation and unwarranted fear. Evans, a senior analyst at IFR Energy Services in New York, believes oil prices could plummet to $28 a barrel as early as this summer.
"I guess that makes me the lunatic fringe," Evans said, followed up by a burst of laughter.
Evans' basic message is that the world's oil supply is sufficient to meet demand, that motorists will soon show that they're not willing to pay any price for gasoline and that the market is unreasonably receptive to worst-case-scenario thinking.
The 45-year-old analyst, who earned his bachelor's degree in mineral economics from Pennsylvania State University, has led energy research at IFR, a division of Thomson Financial, for the past 10 years, following stints as a copper trader and an analyst at a mining concern. Evans writes a twice-daily technical analysis of the petroleum markets that costs $395 a month and is read by institutional investors, major oil companies, fuel distributors, traders and journalists.
Oil prices began rising above historical norms a few months before the U.S. invaded Iraq and have maintained their upward momentum since then due to rising demand, a shrinking supply cushion and market worries about everything from a hurricane in the Gulf of Mexico to pipeline sabotage in Iraq. The declining value of the dollar and increased hedge fund activity on futures markets have magnified the runup.
Rapid economic growth has largely masked the negative impact of high oil prices in the U.S., analysts say, though the airline industry has been stung, as have low-income families and those living on fixed incomes. Gasoline demand is about 2 percent higher than a year ago in spite of pump prices averaging $2.15 a gallon.
Veteran oil market analyst Peter Beutel of Cameron Hanover Inc. said Evans' outlook is not as crazy as his willingness to publicly stick out his neck.
"I don't disagree oil prices are going to drop precipitously at some point," Beutel said. "But, boy oh boy, they tell analysts to pick a time or pick a price, but don't do both. I certainly honor his bravery."
When pressed to do just that, Beutel said he could envision $28 a barrel, too -- in 2008.
Most oil analysts have steadily raised their oil price forecasts over the past two years, keeping themselves in sync with the market's upward momentum.
They back up their upward revisions with data pointing to a limited global supply cushion at a time of rising demand, particularly in the United States and China. They also cite the declining value of the dollar and they voice fears about possible supply disruptions all around the world: from labor strife in Nigeria to refinery snags in America.
Goldman Sachs analyst Arjun Murti last week raised his forecast for 2005 from $41 a barrel to $50 a barrel. The report said the market may be in the early stage of a "super spike" that sends prices as high as $105 a barrel -- the price Goldman Sachs said may be necessary to significantly curb energy consumption.
The report has contributed to a recent rise in crude futures on the New York Mercantile Exchange, where oil for May delivery settled Monday at $57.01 a barrel. Nymex futures closed at a record $57.27 a barrel on Friday.
Evans scoffed at the Goldman Sachs report, saying "the probability of reaching that price level is so small it's, like, laughable."
"Yes, $105 could happen. Texas could slide into the Gulf of Mexico. There could be a nuclear war with Iran. But you know that in a scenario like that I somehow don't think the world economy is going to be screaming for more oil."
Evans is not the only contrarian -- there are still a handful of analysts forecasting prices below $40 a barrel in the second half of the year -- but he may be the most blunt voice of opposition to the bullish market consensus. He sums up the group-think this way: "Greed makes you stupid."
Some of Evans' main arguments are as follows:
-- There is no worrisome lack of supply. With 1.8 million barrels a day of excess production capacity, Saudi Arabia can quickly pump enough oil to offset any disruptions, short of the most catastrophic scenarios.
"Oil prices have been rising for the last 18 months on hypothetical supply disruptions," Evans said. "Every time we come up with a new 'what if?', the oil price manages to go $5 higher."
-- Higher prices will eventually cause gasoline demand, which is now about 2 percent higher than a year ago, to taper off. And higher prices will lead producers, including Saudi Arabia, to pump more oil.
-- The U.S. Strategic Petroleum Reserve, which the Bush administration has been filling at an average rate of nearly 250,000 barrels a day, is nearly full. By August, the market should have that much more supply of light, sweet crude available to it.
All of these factors have been ignored, Evans said, by the growing number of hedge funds and other speculators betting on crude futures, proving only that there is demand at any price for "paper barrels."
When asked why the market would ignore what he considers to be an adequate supply situation and instead focus on everything that could wrong to disrupt it, Evans answered with a question.
"Why did people chase Internet stocks in the late 1990s, and why did they shift from looking at earnings to looking at revenues and from looking at revenues to looking at the number of hits on a Web site as a method of valuation?"
*******************************************************************
these are my thoughts:
if oil does correct back to say even the 45-50 buck range the stox will roar....the high oil prices and the rising interest rates are really having very little adverse market effect. it is almost as if the market expected these events to occur.
any significant price reduction in petrol will spark a major push to the upside.
jmho
tekno
corporate borrowing....
http://www.economist.com/agenda/displayStory.cfm?story_id=3808408
interesting article on oil:dude:
Oil Contrarian Sees Bubble Ready to Burst
Monday April 4, 4:04 pm ET
By Brad Foss, AP Business Writer
Crude Oil Contrarian Believes Oil Prices Could Plummet to $28 Per Barrel As Early As Summer
Most energy analysts on Wall Street expect oil prices to remain high for the foreseeable future because of strong demand and limited supply.
Then there is Tim Evans, a contrarian who says today's crude oil prices above $50 a barrel reflect nothing more than a market bubble fed by speculation and unwarranted fear. Evans, a senior analyst at IFR Energy Services in New York, believes oil prices could plummet to $28 a barrel as early as this summer.
"I guess that makes me the lunatic fringe," Evans said, followed up by a burst of laughter.
Evans' basic message is that the world's oil supply is sufficient to meet demand, that motorists will soon show that they're not willing to pay any price for gasoline and that the market is unreasonably receptive to worst-case-scenario thinking.
The 45-year-old analyst, who earned his bachelor's degree in mineral economics from Pennsylvania State University, has led energy research at IFR, a division of Thomson Financial, for the past 10 years, following stints as a copper trader and an analyst at a mining concern. Evans writes a twice-daily technical analysis of the petroleum markets that costs $395 a month and is read by institutional investors, major oil companies, fuel distributors, traders and journalists.
Oil prices began rising above historical norms a few months before the U.S. invaded Iraq and have maintained their upward momentum since then due to rising demand, a shrinking supply cushion and market worries about everything from a hurricane in the Gulf of Mexico to pipeline sabotage in Iraq. The declining value of the dollar and increased hedge fund activity on futures markets have magnified the runup.
Rapid economic growth has largely masked the negative impact of high oil prices in the U.S., analysts say, though the airline industry has been stung, as have low-income families and those living on fixed incomes. Gasoline demand is about 2 percent higher than a year ago in spite of pump prices averaging $2.15 a gallon.
Veteran oil market analyst Peter Beutel of Cameron Hanover Inc. said Evans' outlook is not as crazy as his willingness to publicly stick out his neck.
"I don't disagree oil prices are going to drop precipitously at some point," Beutel said. "But, boy oh boy, they tell analysts to pick a time or pick a price, but don't do both. I certainly honor his bravery."
When pressed to do just that, Beutel said he could envision $28 a barrel, too -- in 2008.
Most oil analysts have steadily raised their oil price forecasts over the past two years, keeping themselves in sync with the market's upward momentum.
They back up their upward revisions with data pointing to a limited global supply cushion at a time of rising demand, particularly in the United States and China. They also cite the declining value of the dollar and they voice fears about possible supply disruptions all around the world: from labor strife in Nigeria to refinery snags in America.
Goldman Sachs analyst Arjun Murti last week raised his forecast for 2005 from $41 a barrel to $50 a barrel. The report said the market may be in the early stage of a "super spike" that sends prices as high as $105 a barrel -- the price Goldman Sachs said may be necessary to significantly curb energy consumption.
The report has contributed to a recent rise in crude futures on the New York Mercantile Exchange, where oil for May delivery settled Monday at $57.01 a barrel. Nymex futures closed at a record $57.27 a barrel on Friday.
Evans scoffed at the Goldman Sachs report, saying "the probability of reaching that price level is so small it's, like, laughable."
"Yes, $105 could happen. Texas could slide into the Gulf of Mexico. There could be a nuclear war with Iran. But you know that in a scenario like that I somehow don't think the world economy is going to be screaming for more oil."
Evans is not the only contrarian -- there are still a handful of analysts forecasting prices below $40 a barrel in the second half of the year -- but he may be the most blunt voice of opposition to the bullish market consensus. He sums up the group-think this way: "Greed makes you stupid."
Some of Evans' main arguments are as follows:
-- There is no worrisome lack of supply. With 1.8 million barrels a day of excess production capacity, Saudi Arabia can quickly pump enough oil to offset any disruptions, short of the most catastrophic scenarios.
"Oil prices have been rising for the last 18 months on hypothetical supply disruptions," Evans said. "Every time we come up with a new 'what if?', the oil price manages to go $5 higher."
-- Higher prices will eventually cause gasoline demand, which is now about 2 percent higher than a year ago, to taper off. And higher prices will lead producers, including Saudi Arabia, to pump more oil.
-- The U.S. Strategic Petroleum Reserve, which the Bush administration has been filling at an average rate of nearly 250,000 barrels a day, is nearly full. By August, the market should have that much more supply of light, sweet crude available to it.
All of these factors have been ignored, Evans said, by the growing number of hedge funds and other speculators betting on crude futures, proving only that there is demand at any price for "paper barrels."
When asked why the market would ignore what he considers to be an adequate supply situation and instead focus on everything that could wrong to disrupt it, Evans answered with a question.
"Why did people chase Internet stocks in the late 1990s, and why did they shift from looking at earnings to looking at revenues and from looking at revenues to looking at the number of hits on a Web site as a method of valuation?"
*******************************************************************
these are my thoughts:
if oil does correct back to say even the 45-50 buck range the stox will roar....the high oil prices and the rising interest rates are really having very little adverse market effect. it is almost as if the market expected these events to occur.
any significant price reduction in petrol will spark a major push to the upside.
jmho
tekno
Spaf
Honorary Hall of Fame Member
imported post
OK teknobucks!
Tell me why? We are getting a new car dealership that sells Hummers, and the other lots are loaded with large SUV's and big pickups. These things are like 8 MPG.
Stocks seem to be inverse to oil on the daily market charts.
NEWS is all concerned with rising gas prices.
Somewhere in reality, the pieces of the puzzle don't seem to fit. Or maybe I'm in the wrong line of work!
Tell me why? We are getting a new car dealership that sells Hummers, and the other lots are loaded with large SUV's and big pickups. These things are like 8 MPG.
Stocks seem to be inverse to oil on the daily market charts.
NEWS is all concerned with rising gas prices.
Somewhere in reality, the pieces of the puzzle don't seem to fit. Or maybe I'm in the wrong line of work!
grandma
Well-known member
imported post
Tell me why? We are getting a new car dealership that sells Hummers, and the other lots are loaded with large SUV's and big pickups. These things are like 8 MPG.
NEWS is all concerned with rising gas prices.
Round-table discussion:?? Car dealer/franchize tax write-offs ??
Tell me why? We are getting a new car dealership that sells Hummers, and the other lots are loaded with large SUV's and big pickups. These things are like 8 MPG.
NEWS is all concerned with rising gas prices.
Round-table discussion:?? Car dealer/franchize tax write-offs ??
pyriel
Active member
imported post
http://biz.yahoo.com/ap/050405/oil_prices.html?.v=5
more bullets for uptrend? hope so...
http://biz.yahoo.com/ap/050405/oil_prices.html?.v=5
more bullets for uptrend? hope so...
teknobucks
Active member
imported post
Spaf wrote:
Spaf wrote:
Spaf the answer lies in GM's share price. toyota and honda are way aheadnow with the hybrids....too bad with all of GM's resources they have failed so.OK teknobucks!
Tell me why? We are getting a new car dealership that sells Hummers, and the other lots are loaded with large SUV's and big pickups. These things are like 8 MPG.
Stocks seem to be inverse to oil on the daily market charts.
NEWS is all concerned with rising gas prices.
Somewhere in reality, the pieces of the puzzle don't seem to fit. Or maybe I'm in the wrong line of work!
teknobucks
Active member
teknobucks
Active member
imported post
AMERICA’S TRIBUTE
BENSON’S ECONOMIC & MARKET TRENDS
Written and published by Richard Benson, www.sfgroup.org
April 5th, 2005
The Asians remain shocked and in disbelief. Just when Japan, China, Taiwan and Hong Kong had accumulated enough dollars to buy oil to keep them warm for many winters, it’s all over. In broad daylight, the Americans and OPEC cheered as the price of oil popped up from $30 a barrel to over $50 a barrel. Indeed, this jump in the price of oil increases the world’s daily oil consumption bill of 84 million barrels a day to $4.2 billion, from $2.5 billion (or $1.5 Trillion a year from $900 billion). The world now has to shell out an additional $600 billion a year of “lucky bucks” to the oil producing countries just to stay in motion. That’s quite a tribute to pay!
The bigger shock, however, is in the devaluation of dollar holdings of United States’ Treasury debt. The rise in oil prices guarantees that the value of the dollar will be pushed down even further and stay down! Now that China is the number 2 oil importer and Japan is number 3 – with the rest of Asia very thirsty for oil as well – you can understand why the Asians must find a way to protect themselves.
The American strategy for using oil to finance our deficit is, of course, brilliant. Our elected officials knew that at some point those independent foreign central banks would start getting edgy about buying more dollars to pay for America’s war and deficits. (The $650 Billion trade deficit is threatening the dollar.) So, which central banks can America continue to use as the fall guys to buy the dollar? Why not the Gulf Oil states, but where would they get the dollars to buy U.S. Treasuries? Well, with the Chinese piling up dollars and growing like crazy, at some point the oil market had to tighten. It was only a matter of time before the Chinese would start bidding up the price of oil. The Asians, therefore, are hung out to dry when the price of oil rises because they have to spend more of their dollars on oil.
As the price of oil goes up, extra money floods into the Gulf Oil Kingdoms. With our Secretary of Defense putting troops all over the ground in the Middle East, and those nimble aircraft carriers are near by and ready to deliver the “shock and awe of sudden democracy” to the Gulf Monarchs, it’s a sure bet that America’s OPEC buddies will stash their newly found Asian lucky bucks into good old American Treasury Notes.
With such a simple policy to fund our deficit for another year, it’s no wonder America can get by without any brain power at the Treasury Department. In effect, America and our Gulf Arab allies just pulled off the biggest central bank heist in the history of the world. The price of oil just went up 60 percent or more, which really cuts down to size those $3.4 trillion of net foreign holdings of U.S. financial assets. As a loyal American, we would like to cheer our government’s deft move to pick the pockets of our trading and financing partners. Moreover, America gets the Arabs to fund a large share of our deficit, subsidize our interest rates, and help keep our taxes low for another year! Surely, I can afford to buy another gas-guzzling Sport Ute, get a rifle, and wave a flag!
America is extracting Tribute on oil from the world. If the world wants Middle Eastern oil, they can pay for it through the Saudi branch of the United States Treasury. Why do the heads of Saudi Arabia, Kuwait, Abu Dhabi, Bahrain, Qatar, etc., hold dollars? Because they want to keep the money and the power! (The ruling family of Saudi Arabia controls 25 percent of the world oil reserves and is completely dependent on oil revenues for its survival. Tens of thousands of Saudi princes live off lavish royal stipends). Think of Arabia as a family firm. If the dollar goes down in value, the Saudi Royal Family still gets to personally keep hundreds of billions of dollars. But, if they don’t buy dollars, why would America keep them in power? It would simply not be in our interests to do so. Remember when Saddam Hussein talked about pricing Iraq’s oil in Euros? “Shock and Awe” quietly followed.
This program of oil for dollars and dollars for the U.S. Treasury deficit is the simple tribute that we, as the Super Power, can expect. America is well paid for keeping the world’s supply of “black gold” safe and available to all. Unlike Vietnam – when America was trying to finance guns and butter – getting others to pay now for our guns, allows us to milk the oil out of the sand and turn it into butter!
The next question will be how the Asians respond to a 60 percent hike in the price of oil? Please, stay tuned.
AMERICA’S TRIBUTE
BENSON’S ECONOMIC & MARKET TRENDS
Written and published by Richard Benson, www.sfgroup.org
April 5th, 2005
The Asians remain shocked and in disbelief. Just when Japan, China, Taiwan and Hong Kong had accumulated enough dollars to buy oil to keep them warm for many winters, it’s all over. In broad daylight, the Americans and OPEC cheered as the price of oil popped up from $30 a barrel to over $50 a barrel. Indeed, this jump in the price of oil increases the world’s daily oil consumption bill of 84 million barrels a day to $4.2 billion, from $2.5 billion (or $1.5 Trillion a year from $900 billion). The world now has to shell out an additional $600 billion a year of “lucky bucks” to the oil producing countries just to stay in motion. That’s quite a tribute to pay!
The bigger shock, however, is in the devaluation of dollar holdings of United States’ Treasury debt. The rise in oil prices guarantees that the value of the dollar will be pushed down even further and stay down! Now that China is the number 2 oil importer and Japan is number 3 – with the rest of Asia very thirsty for oil as well – you can understand why the Asians must find a way to protect themselves.
The American strategy for using oil to finance our deficit is, of course, brilliant. Our elected officials knew that at some point those independent foreign central banks would start getting edgy about buying more dollars to pay for America’s war and deficits. (The $650 Billion trade deficit is threatening the dollar.) So, which central banks can America continue to use as the fall guys to buy the dollar? Why not the Gulf Oil states, but where would they get the dollars to buy U.S. Treasuries? Well, with the Chinese piling up dollars and growing like crazy, at some point the oil market had to tighten. It was only a matter of time before the Chinese would start bidding up the price of oil. The Asians, therefore, are hung out to dry when the price of oil rises because they have to spend more of their dollars on oil.
As the price of oil goes up, extra money floods into the Gulf Oil Kingdoms. With our Secretary of Defense putting troops all over the ground in the Middle East, and those nimble aircraft carriers are near by and ready to deliver the “shock and awe of sudden democracy” to the Gulf Monarchs, it’s a sure bet that America’s OPEC buddies will stash their newly found Asian lucky bucks into good old American Treasury Notes.
With such a simple policy to fund our deficit for another year, it’s no wonder America can get by without any brain power at the Treasury Department. In effect, America and our Gulf Arab allies just pulled off the biggest central bank heist in the history of the world. The price of oil just went up 60 percent or more, which really cuts down to size those $3.4 trillion of net foreign holdings of U.S. financial assets. As a loyal American, we would like to cheer our government’s deft move to pick the pockets of our trading and financing partners. Moreover, America gets the Arabs to fund a large share of our deficit, subsidize our interest rates, and help keep our taxes low for another year! Surely, I can afford to buy another gas-guzzling Sport Ute, get a rifle, and wave a flag!
America is extracting Tribute on oil from the world. If the world wants Middle Eastern oil, they can pay for it through the Saudi branch of the United States Treasury. Why do the heads of Saudi Arabia, Kuwait, Abu Dhabi, Bahrain, Qatar, etc., hold dollars? Because they want to keep the money and the power! (The ruling family of Saudi Arabia controls 25 percent of the world oil reserves and is completely dependent on oil revenues for its survival. Tens of thousands of Saudi princes live off lavish royal stipends). Think of Arabia as a family firm. If the dollar goes down in value, the Saudi Royal Family still gets to personally keep hundreds of billions of dollars. But, if they don’t buy dollars, why would America keep them in power? It would simply not be in our interests to do so. Remember when Saddam Hussein talked about pricing Iraq’s oil in Euros? “Shock and Awe” quietly followed.
This program of oil for dollars and dollars for the U.S. Treasury deficit is the simple tribute that we, as the Super Power, can expect. America is well paid for keeping the world’s supply of “black gold” safe and available to all. Unlike Vietnam – when America was trying to finance guns and butter – getting others to pay now for our guns, allows us to milk the oil out of the sand and turn it into butter!
The next question will be how the Asians respond to a 60 percent hike in the price of oil? Please, stay tuned.
Spaf
Honorary Hall of Fame Member
imported post
Hey Tekno!!
You really need to see the article in USATODAY "Most Americans no good at investing" by Adam Shell, dated Wednesday, March 23, 2005.
A co worker gave me a copy today. Knocked my socks clean off. But, I can't say I wasn't that all suprised. WOW!
Rgds :? Spaf
Hey Tekno!!
You really need to see the article in USATODAY "Most Americans no good at investing" by Adam Shell, dated Wednesday, March 23, 2005.
A co worker gave me a copy today. Knocked my socks clean off. But, I can't say I wasn't that all suprised. WOW!
Rgds :? Spaf
imported post
Well Dave Hats off To YOU:^
I thought that Greenspan was going to talk about getting a little more aggresive. If he had we would have had the FLUSH. I will watch the start of the market tommorow and if it is nice not hard high and fast just slowly up then perhaps time to put some fun money back in.
Hope all make green. Just have to be careful now not to put more on the table then... afford to lose.
Still Learning.
Well Dave Hats off To YOU:^
I thought that Greenspan was going to talk about getting a little more aggresive. If he had we would have had the FLUSH. I will watch the start of the market tommorow and if it is nice not hard high and fast just slowly up then perhaps time to put some fun money back in.
Hope all make green. Just have to be careful now not to put more on the table then... afford to lose.
Still Learning.
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