Kommentare zu: Why Crude Oil should correct NOW … (chart) http://www.ridingthedax.com/2008/05/23/why-crude-oil-should-correct-now-chart/ Tue, 02 Dec 2008 14:15:57 +0000 http://wordpress.org/?v=2.3.1 Von: Eric http://www.ridingthedax.com/2008/05/23/why-crude-oil-should-correct-now-chart/#comment-216 Eric Fri, 23 May 2008 18:16:43 +0000 http://www.ridingthedax.com/2008/05/23/why-crude-oil-should-correct-now-chart/#comment-216 I don't think oil prices will really crater unless and until the Fed takes a stern stance against inflation and actually raises interest rates. The recent sub-prime induced panic by the Fed, and the resulting low interest rates they put in place, have helped (aided and abetted?) speculators in the commodities arena, thus helping to drive oil and other commodities inexoraby higher. So, I don't look for oil truly to break down anytime soon. Yes, perhaps a near-term correction is in the cards, but until interest rates are genuinely increased, oil and other commodities will remain high. It could get quite frothy, too, especially if you throw in some geopolitical events which the presidential election just may foment... Just my opinion, of course! I don’t think oil prices will really crater unless and until the Fed takes a stern stance against inflation and actually raises interest rates. The recent sub-prime induced panic by the Fed, and the resulting low interest rates they put in place, have helped (aided and abetted?) speculators in the commodities arena, thus helping to drive oil and other commodities inexoraby higher. So, I don’t look for oil truly to break down anytime soon. Yes, perhaps a near-term correction is in the cards, but until interest rates are genuinely increased, oil and other commodities will remain high. It could get quite frothy, too, especially if you throw in some geopolitical events which the presidential election just may foment… Just my opinion, of course!

]]> Von: Sean http://www.ridingthedax.com/2008/05/23/why-crude-oil-should-correct-now-chart/#comment-215 Sean Fri, 23 May 2008 17:46:29 +0000 http://www.ridingthedax.com/2008/05/23/why-crude-oil-should-correct-now-chart/#comment-215 "So … I am bearish for crude oil … bearish for stocks … and … I have to admit that … even bearish for BONDS … as I think, interest rates MUST go up … inflation is ramping and as we see … it needs a lot of time to see inflation coming and going … so even lower Oil prices won’t curb inflation numbers soon …" So where do you leave your money? In USD$ ? Ben will be drooling to carve up your worthless paper even further. “So … I am bearish for crude oil … bearish for stocks … and … I have to admit that … even bearish for BONDS … as I think, interest rates MUST go up … inflation is ramping and as we see … it needs a lot of time to see inflation coming and going … so even lower Oil prices won’t curb inflation numbers soon …”

So where do you leave your money? In USD$ ? Ben will be drooling to carve up your worthless paper even further.

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