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To: RSmithOpt

I am wondering (not today but in the next few months) if there will be a big oil futures sell-off once it hits $100/bbl that might send oil shooting downward.


30 posted on 11/08/2007 6:54:15 AM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
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To: RockinRight
It's all just a guess, but, I'd peg the sell off to the $120-$125 range as the last squeeze in the oil futures is played. There are a significant no. of guys/gals who will short oil on the way down quickly at that price (above)...for a small bit of time, then slide the $$ to metals and food futures and rock bottom priced stocks with good P/E and relative book values.

The US consumer will cut back on consumption very quickly and plastic stuff from the Chicoms this Holiday Season will be avoided like the plague.

37 posted on 11/08/2007 7:06:47 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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