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tedwitt

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tedwitt

Re: lakedweller2 post# 3221

Tuesday, 07/31/2007 5:29:30 PM

Tuesday, July 31, 2007 5:29:30 PM

Post# of 38891
Second Q's are historically weak... Now add in the price of Oil. Find me a reason for the increase beyond the usual. Oil has no business over $70.00 MAX. We have had rumors of Hedge funds piling "Long" into oil since June 1st.

They are betting on a Storm in the Gulf and 2 political events that could happen. If all three fail; oil crashes through the $60.00 - $55.00 floor in mid - late September.

Ask yourself what happens to the DOW if oil crashed?

Now this will be fun.



“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”

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