Tuesday, June 17, 2008

NOTION OF OIL SELL OFF IS MISPLACED...

THE IDEA THAT SOMEHOW OIL IS GOING TO SELL OFF BIG IS JUST NUTS...

THE FED'S DOLLAR POLICY IS SUPPORTING OIL PRICES....

NOT THE SPECULATORS, THE CHINESE "MIDDLE CLASS" OR ANY OF THE OTHER CONVENIENT SCAPEGOATS...USED BY THE MEDIA TO MISLEAD THE PUBLIC...

ONLY WHEN BERNANKE STARTS RAISING RATES WILL OIL STABILIZE...

THE BOND HAS BEEN TANKING BADLY OF LATE...YEILD ON 10 YEAR WELL OVER 4%...AND PROBABLY HEADING FOR 6% MINIMUM!!