Replies to post #284051 on Zeev's Turnips Patch-No Politics (ZEEV)

[JimQuinceH]

Zeev, You'll have to start borrowing from your other pocket <g>

Jim

[Hobie1Kenobe]

FWIW if the buzz on George B. tapping the petroleum reserves gets legs, the spark might just ignite @ these support levels....Best.....Hob

[limtex]

ZH - almost hourly there are now comments that the global economy is heading for an outright recession.

The noises are getting louder by the day and of course with the Fed incredibly, yet again as they did in 1990 and 2000 putting up interest rates in the face of this it seems to me that there can be only one inevitable result.

This time of course it is in a way even worse than in 2000 since the oil price has nearly doubled.

This combined with Fed tightening has to lead to rescession.

I have to admire those that foresaw this in the SOX area as early as February this year if not before. How on earth did they know tha oil prices were goning to be $46 a barrel today. Inredible.

Anyway the noise in unmistakable and the warnings have already started. September is going to be a nightmare for warnings and then there are all sorts of timetables in the financial year that are selling seasons for one reason or another.

Actually we had about one year in the last four eyars when things were economically quite steady growth. Now it seems we are back to a full blown bear.

What is wrong with this picture? I wish I could see something that could make it better but the hedge funds are having ball with oil. I wonder what Soroa has done in this field?

L

[JeffGuy]

Zeev, just hopped on on NTES here @ 29.28.