WHAT HAS HAPPEN TO OIL AND GASOLINE PRICES IN THE US...IS WONDERFUL...
BUT VERY VERY SICK...
AND UNREAL TO ANYONE WHO HAS BEEN WATCHING THE MARKET.
OK...THERE WAS A LOT OF HIGH LEVERAGE SPECULATION IN THE MARKET...FROM THE HEDGE FUNDS AND OTHERS...BUT THAT IS OVER NOW...
AND THAT MAY TEMPORARILY CAP THE SURGE IN COMMODITIES...
I JUST DON'T SEE THE SPECULATIVE JUICES COMING BACK ON WALL STREET FOR SEVERAL YEARS...
BUT THE LIQUIDATION PANIC IS ALSO ENDING...OR WILL SOON. AND THE BIG QUESTION THEN WILL BE WHERE DOES THE OLD MONEY...AND THE NEW MONEY GO...?
MY HUNCH IS MUCH OF IT GOES BACK IN THE "ABORTED" SUMMER BUBBLE IN COMMODITIES...OIL, GAS, GOLD...
IF COMMODITIES DO SOAR...THEY COULD TRASH THE DOLLAR AND THE BOND MARKET ...IN A KIND OF DRIVE BY SHOOTING...
OMINOUSLY THE EURO IS AT 140 AGAIN...AFTER BEING NEAR 125 WHEN...LAST WEEK...?
NONE OF THIS IS HEALTH...ALL OF IT IS SICK...
IN THIS ENVIRONMENT OF A DISEASED MARKET...I THINK YOU HAVE TO FOLLOW THE RULES OF MACOECONOMICS BLINDLY... WEAK DOLLAR IS GOING TO BITE AND BIT HARD...
ANY OTHER ATTITUDE IS WISHFUL THINKING OR "TALKING YOUR BOOK"...
I DON'T MIND TALKING YOUR BOOK...BUT AT LEAST TELL PEOPLE WHAT YOU'RE DOING... HOW MANY PUNDITS REALLY TELL US WHAT THEIR BOOK IS...?
INTERESTING TIMES....INDEED...
