oil has been riding up and inching ever so closely to the next drop off, which I might add am expecting pretty soon, concidering the oil levels/prices now these days are worse than the 1981 crisis.
We are also due in for the next major correction +10%>, we just had a 5% but in my mind that was just a preview. Summer slow season is here, the overexagerrated real estate bubble is still continuing, perhaps now is the right time. I am thinking though that mid summer or the fall we will see a decline, just hope its not the bear season, but just a correction.
On the other hand I think the correction will not turn in to a bear because by 2008 election race will be on and everyone and their mother will be trying to fix the economy.
Ilya Ilienko
But then ofcourse Mr. D Cheney will do his best to fix our economy and end the war.
yeah right!
I. Ilienko
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