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Re: magicdaddy post# 102

Tuesday, 12/23/2008 8:56:59 AM

Tuesday, December 23, 2008 8:56:59 AM

Post# of 1166
The Trend is down

Seems that our USA Recession and the World Recession may be worst than some think. IMO there will be bounces in DXO but the trend is down. You can not buck the trend.
Dollar is stonger, not good for OIL.

GDP Shrank 0.5 Percent in Third Quarter as Forecast- Reuters

The economy shrank at a 0.5 percent annual pace in the third quarter as expected after consumers and businesses cut spending and the country's recession gathered steam, government data showed on Tuesday.
http://biz.yahoo.com/rb/081223/business_us_usa_economy_gdp.html

Britain's economy contracts 0.6 percent in 3rd quarter, heading for official recession
http://biz.yahoo.com/ap/081223/eu_britain_economy.html

Lets all get along

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