it's been that way for over a year, these cycles don't flip like
a switch.
anyway my post is in contrast to the ultra bears who dominate
the board, so it provides some balance.
as far as oil, in a way oil kind of follows the economy, when
the economy is really weak, it falls, and when the economy is
strong it goes higher, the two are linked.
is there a breakpoint higher price that would cause things to
slow down, sure, but is it $110, I doubt it and think it would be
quite a bit higher
in oil due to Iran not economic conditions, and that premium
will increase the worse things will get out there with those
crazies add to that money printing and the premium goes up much
higher without any economic activity to support that price
rise.
it's been that way for
With all the central bank interventions & Iran issue
Posted by matt on 30th of Nov 2011 at 12:02 pm
it's been that way for over a year, these cycles don't flip like a switch.
anyway my post is in contrast to the ultra bears who dominate the board, so it provides some balance.
as far as oil, in a way oil kind of follows the economy, when the economy is really weak, it falls, and when the economy is strong it goes higher, the two are linked.
is there a breakpoint higher price that would cause things to slow down, sure, but is it $110, I doubt it and think it would be quite a bit higher
There is at least $10 premium right now
Posted by mrab on 30th of Nov 2011 at 12:08 pm
in oil due to Iran not economic conditions, and that premium will increase the worse things will get out there with those crazies add to that money printing and the premium goes up much higher without any economic activity to support that price rise.
In Canada
Posted by honzer on 30th of Nov 2011 at 12:11 pm
Had a 22 year realtor over and he has 2/3 rds of his listings are FORECLOSURES
Where? "Canada - They are worse"
Posted by kingpin777 on 30th of Nov 2011 at 01:49 pm
Where?
"Canada - They are worse" is a nonsense statement.
That doesn't match any of the stats out there. Nor does it match the anecdotal information I have from a few of my realtor friends.
well I live in
Posted by honzer on 30th of Nov 2011 at 01:53 pm
Kelowna BC and thats what he said 2/3 listings HIS listings FORECLOSURES AND WAS TOLD THAT by other person to
wait until the real estate buble in China explodes
Posted by mrab on 30th of Nov 2011 at 12:14 pm
then we are really going to be in the deep end when their economy starts slowing
I see divergence forming on
Posted by matt on 30th of Nov 2011 at 12:07 pm
I see divergence forming on the crude oil chart anyway via the MACD on the daily
and the weekly still has a broken trendline resistance to deal with