Why this rally will continue.

Discussion in 'Trading' started by tripledtrader, Jun 29, 2012.

  1. S2007S

    S2007S

    Oil up 9% because?????

    That is the joke right there....

    The problem with these bailouts as I have been saying for the last few years is that it hasnt allowed for prices of goods and services to drop to a level that is reasonable. For instance the bailout of the housing market, housing prices would be 25-50% cheaper if it werent for all the handouts given, the tens of trillions of dollars being printed and pushed through the worldwide economy has kept prices higher of nearly every item we purchase and every service that is offered to the public, nothing is in line any more. As for oil it could easily push back up to 100 if this market rally were to continue for the next month...prices at the pump have come down, but it wont take long before prices push higher after todays 9% rally.
     
    #11     Jun 29, 2012