Is anything wrong with this picture?

Discussion in 'Trading' started by Financial Saint, Apr 6, 2010.

  1. S&P 500 at new high, Oil at new high, Dollar near the high, Gold close to the high and 10 year treasury note at new high (I think something is fishy here)
  2. It's a government-supervised stock market.
  3. gov


    I think everything points to recession end/early recovery, except of course the T-bond prices. I would sell any significant bond rally moving forward; everything else seems ok given the externals. jmho
  4. so oil$87 is ok in your opinion during early recovery?

    previous early recovery of 2002 started with $15 oil and ended with 147 in 2008
  5. S2007S


    Oil is in a bubble, anyone who thinks its not is a fool, Oil prices today at $86+ is equal to $120+ 2 years ago when the economy was doing a 1000X better than now. All of the sudden higher oil prices means the economy is on the road to a recovery, who comes up with this fucking nonsense. Lets watch oil run its course higher and watch costs go through the roof once again leading to a cutback in consumer spending because they cant afford $4.00+ at the pump. The economy is headed towards another asset bubble, only took less than a year, go bubble ben bernanke.
  6. gov


    It's ok with me, yes. We are not starting with 15$ oil, and this is not 2002. Commodities are moving higher, no arguing that and oil is a commodity. Perhaps Asian demand, I don't know but CRB is obviously still in an uptrend so... I see $100USD oil on the horizon again. I just trade what I see; these markets are beyond figuring out, except in the most straight-forward, trading thought.

    What I meant was simply that I think all but the last condition can co-exist simultanously in the early recession recovery. I think rates break higher from here so bonds down but everything else could still go up together from here.

    I trade mostly ER2 (TF) and only small size in these so jmo...
  7. I mean oil $87 in early recovery is not good and not OK. it 's up 20% in 2 month.
    Another 20% and recovery will stay early and will become early recession
    Of course US government can start subsidizing gas.
    Let's say $100 billion gas stimulus. For 1.5 trln deficit it's nothing

    But it will just speed up price increases

    US government need to find a way to get cheap energy. No cheap energy - no recovery
    Money manipulations won't help here

    Probably they should start car conversions to NG right away

    Oil at $100 will kill any kind of real recovery. And we might be there by June
  8. i will let you in on a little secret: "SWITCHGRASS"!
  9. Waste Management is already converting their fleet of trucks to NG to remove themselves from the stronghold of the oil syndicate. oil is a joke. How about stopping the water bottle production. Plastic resins are impacting the oil market too- vise versa
  10. That horrible idea pretty much marked the top of the corn market in 2008. I honestly remember Bush saying that word, and I shuddered at the though of a nation like the US trying to fuel ourselves on some hillbilly mash. Corn then collapsed as it was clear that ethanol was a dream in the minds of agricultural lobbyists.

    But yes, "SWITCHGRASS," Whooooeeeeee!
    #10     Apr 6, 2010