well yeah its not 6, 7 figures
but its not 20k either
anyway i'm done posting my near term thoughts i don't need to explain myself
bottom line of this whole thread
is we are in a new bear market dow will be at least sub 10k (probably much lower but we have to see how the bear plays out if i'm still around these parts i'll let you all know when i think the LONG TERM bottom is in and the bear is over) before its all over
about all you need to know
if i'm wrong on that you can laugh at me feel free
but its not 20k either
anyway i'm done posting my near term thoughts i don't need to explain myself
bottom line of this whole thread
is we are in a new bear market dow will be at least sub 10k (probably much lower but we have to see how the bear plays out if i'm still around these parts i'll let you all know when i think the LONG TERM bottom is in and the bear is over) before its all over
about all you need to know
if i'm wrong on that you can laugh at me feel free
people in china that already have motorbikes and cars arent going back to riding bicycles.
thats regardless whether or not mr & mrs john and jane smith here in america lose all their home equity and/or their 401k becomes a 201k.
yes, tiznow, you are so correct...the price of oil has now "pulled back" to mid 80s and gold has pulled back to 890....both still highest in history except for earlier this month all time highs.
my opinions arent as bullish about oil as precious metals right now, but i wouldnt be afraid to buy oil if it continues falling.
america isnt the only economy in todays world that moves world commodity prices.
and as we have already seen this morning, the fed doesnt really care if it trashes the dollar. if they have to cut down the forest to save these underwater banks, they will keep their chainsaws buzzing.
electric bikes are selling like hotcakes over in china now DAW, they have alternative cheaper ways to get around
they will throw them away though when oil prices fall :toast:
http://www.alibaba.com/countrysearch/CN-suppliers/Electric_Bike.html
they will throw them away though when oil prices fall :toast:
http://www.alibaba.com/countrysearch/CN-suppliers/Electric_Bike.html
im aware of the electric bikes and in parts of zhejiang province they are now mandatory. btw, zhejiang province is the nicest part of china of all the parts ive seen there. very developed and 70% of the economy in that province is run by businesses and not the govt.
again, raw materials are extracted that are needed to produce those batteries and oil is a major part of the extraction process.
nuclear power, solar, and many other things will become more and more price efficient if oil continues going through the roof.
however, they are many years away from widespread availability.
d1g1t
edit: what materials are used for motorcycle helmets? forms of plastics? whats used in plastic? oil, right? vietnam, where hardly anybody wears a helmet now, recently passed a helmet law.
80 million people in vietnam and nearly everybody i saw in cities there was riding small motorcycles.
got oil?
again, raw materials are extracted that are needed to produce those batteries and oil is a major part of the extraction process.
nuclear power, solar, and many other things will become more and more price efficient if oil continues going through the roof.
however, they are many years away from widespread availability.
d1g1t
edit: what materials are used for motorcycle helmets? forms of plastics? whats used in plastic? oil, right? vietnam, where hardly anybody wears a helmet now, recently passed a helmet law.
80 million people in vietnam and nearly everybody i saw in cities there was riding small motorcycles.
got oil?
we will find alternate means to keep oil prices in check long term
it becomes a TON more economical to compete with oil at these prices reason i think we have a sort of cap on prices, don't think you'll see oil above 120 in a long long time if ever during your time on this planet
plus our economy and global economies in general can't run on 250 oil (we still have plenty of oil to go around still, just no way the global economy will be able to expand and support those prices on top of all the alternative sources of energy that will be competitive) like jdog is predicting just not gonna happen IMO
it becomes a TON more economical to compete with oil at these prices reason i think we have a sort of cap on prices, don't think you'll see oil above 120 in a long long time if ever during your time on this planet
plus our economy and global economies in general can't run on 250 oil (we still have plenty of oil to go around still, just no way the global economy will be able to expand and support those prices on top of all the alternative sources of energy that will be competitive) like jdog is predicting just not gonna happen IMO
the FED must trash the dollar and create runaway inflation if it is to stave off the next great depression
now, whether it works or not is debatable, but todays cut was just the tip of the iceberg with what we see in the next 3 months
they should have cut .50 in OCT and DEC as suggested, and at least give some sort of impression that they know what in the hell they are doing
.
now, whether it works or not is debatable, but todays cut was just the tip of the iceberg with what we see in the next 3 months
they should have cut .50 in OCT and DEC as suggested, and at least give some sort of impression that they know what in the hell they are doing
.
our global economies backbone is way too dependent on oil still
so bottom line the economies won't be able to expand anymore if prices get to high
and thus the demand side of the equation will fall (3 dollar gas etc is finally getting to the US consumer on top of alot of others things but that's one part of the equation)
i wasn't an oil bear till recently once recession became clear
prices are not going to rise during a US recession
i'm sorry its not happening
if this is a correction and markets get back on its feet and economies keep expanding going forward with prices currently around 90 than yes prices will likely keep going up but i don't see that happpenin
the print mania has moved in one direction to date
markets up, commodities outperforming it
so now with markets going down and heading for recession you actually think commodity prices will still rise?
if you think no recession is coming and we can support these high prices well than you can make that argument
so bottom line the economies won't be able to expand anymore if prices get to high
and thus the demand side of the equation will fall (3 dollar gas etc is finally getting to the US consumer on top of alot of others things but that's one part of the equation)
i wasn't an oil bear till recently once recession became clear
prices are not going to rise during a US recession
i'm sorry its not happening
if this is a correction and markets get back on its feet and economies keep expanding going forward with prices currently around 90 than yes prices will likely keep going up but i don't see that happpenin
the print mania has moved in one direction to date
markets up, commodities outperforming it
so now with markets going down and heading for recession you actually think commodity prices will still rise?
if you think no recession is coming and we can support these high prices well than you can make that argument
about this time last year oil was at $50 and the "experts" were saying it was going to $30....happens every year. fucking shills on an agenda, and the media eat it up
I posted in Nov I thought oil was heading down into the 70's, I am sure it will happen
smart money uses these opportunites to stock up
2 steps forward, one step back. me thinks it's gonna be another good summer
I posted in Nov I thought oil was heading down into the 70's, I am sure it will happen
smart money uses these opportunites to stock up
2 steps forward, one step back. me thinks it's gonna be another good summer
