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Oil is controlled by unregulated traders in European Dark Rooms at 16/1 margin...I think it is about time the ICE is kicked out of Atlanta...As for financials...Let's bring the Fantasy banks under control...I'm not much of a Gov't Control kinda guy...But I think the Gov't should step in and regulate the LEH's of the World http://www.marketwatch.com/news/stor...&dist=hplatest
BTW...Besides China...Mexico should increase gas prices domestically...otherwise their oil industry is gonna be in BIG trouble
Agree., i wouldnt be surprised if the market came all the way back and finished green on this freak friday.
WASHINGTON (AFP) - The slowdown in the US economy is not as bad as previously estimated, the International Monetary Fund said Friday, lifting its growth estimates slightly for 2008 and 2009.
When is silver going to take off? It is the most depressed of all the metals IMO.
Dunno, but I believe you're correct about that. It's not quite as depressed as it was a few years ago. In 2005 I bought in (SSRI) and sold for a 40%+ gain six months later, and decided not to reenter, knowing that Buffett had exited his silver position. Who knows when it's going to pop again, but if it drops down to $8 or $9/oz, I would say it's a steal, and would buy in again and hold onto it.
The markets may be down .......but on the worst days SOME stocks are reaching their 52 Week Highs.........and there is where you want to be !
Good point. The stock market is a market of stocks. Even in these times there are hundreds of boring little companies that have been quietly growing their earnings quarter after quarter after quarter.
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Quote: Originally Posted by Peter Hansen The markets may be down .......but on the worst days SOME stocks are reaching their 52 Week Highs.........and there is where you want to be !
Good point. The stock market is a market of stocks. Even in these times there are hundreds of boring little companies that have been quietly growing their earnings quarter after quarter after quarter.
On Black Monday, Oct. 19, 1987 there were 137 Naz and 52 NYSE stocks that closed up...3 stocks hit new highs that day...I'll give a virtual trophy to anyone who can name those 3 stocks.
There's always some MoMo somewhere...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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