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To: flashbunny
"I'll be blunt, there's hardly a hedge fund in North America that hasn't speculated on oil futures.

...

"I don't think it's going to go to $US100 but if it does, the crash is going to be even more spectacular," he said.

"It will make the hi-tech bubble look like a picnic – this thing is not going to last."


Hello? Hello? Read the article - everyone in America is investing in oil, thanks to our brilliant fund managers. A slow decline is oil prices is good. Bursting a bubble? Never good, under any circumstances.
15 posted on 08/29/2005 11:12:22 PM PDT by Lejes Rimul (Paleo and Proud)
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To: Lejes Rimul
Anyone who has a significant amount of retirement money invested in such a volatile (no pun intended) commodity as oil is:

(1) setting themselves up for large swings either way, for which they had better be prepared; and

(2) marching in step with Hillary, Harry, and Nancy in that what is good for them personally is disastrous for the American economy.

40 posted on 08/30/2005 7:24:53 AM PDT by Uncle Fud (Imagine the President calling fascism a "religion of peace" in 1942)
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To: Lejes Rimul

'everyone in america' ??? Get a freaking grip.


41 posted on 08/30/2005 8:28:56 AM PDT by flashbunny (Always remember to bring a towel!)
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