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d0lphint0m

08/12/08 9:51 AM

#5944 RE: Swany #5941

I will add this comment however, Mad Money Jim Kramer talked about deflation last night. HE believes oil, gold and commodities are in a bear market. I am not saying I agree or disagree but I believe this psychology (at the present time) is going to hurt all commodity stocks. As I mentioned a week or so ago with oil coming down from 148 to 113 (so far) this has helped the overall equity market (US AIR went up 800%) and stocks being hurt by higher oil prices. If you believe that a 20% move down is the definition of a bear market then oil is in a bear market now. I do not wish to debate whether we are or not I only state the facts. If you believe this is only a correction in a bull market then that is fine. But this negative oil psychology is hurting MMTE SRSR BLDV and other commodity stocks.