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Re: Oil Wipes Out 2011�s Gains on Stall Signs

By: clo in ROUND | Recommend this post (0)
Thu, 04 Aug 11 10:48 PM | 39 view(s)
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Msg. 34277 of 45644
(This msg. is a reply to 34276 by Decomposed)

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Decomp,

That's fuuny I posted this earlier this afternoon, of course the timeline was tongue in cheek.
But, this is the ONLY positive today, when oil goes down its like a tax break for everyone.

87.80 lets see it go below 60.00, maybe tomorrow? clo




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The above is a reply to the following message:
Re: Oil Wipes Out 2011’s Gains on Stall Signs
By: Decomposed
in ROUND
Thu, 04 Aug 11 10:44 PM
Msg. 34276 of 45644

Oil is now down more than $5/barrel. My natural gas ETF, UNG, is under $10. (Since it had a reverse split, that's to say that it is below $5. That's the lowest I remember seeing it.)

I'm tempted to buy more UNG but . . . no. There's too good of a chance that the bull market is finally over - in which case we may be seeing oil at $60/barrel in a few weeks.


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