:D:D:DQuote:
quote:Originally posted by belgarion
Bought as many as I could when I started the 'energy doom and gloom' thread. Those supplying my borrowing thought that the price of oil would fall, yes FALL, when america invaded Iraq. My yeild now is just beautiful. I like cash. Now I sit.
and what did you say oil would do to the US/Japanese economies and the DOW? Both those economies have been trucking along very well, the DOW is up nearly 45% since that thread. (shakes head and laughs)
The following from Belgarion on said "energy doom and gloom" thread......
"Is nobody doing the maths here? Check out US (and others) falling inventories. Oil companies are hedging that next year they'll be able to stock up at lower prices. Will they? Remember many economies, US and Japan, for example have a direct relationship between growth and the price of oil. Oh and so does the DOW, S&P and oil prices.
BTW Capitalist, like to see your numbers (or even your logic) to support your view that everything will be hunky-dory Oil futures are fairly bullish at present even though the the Iraq issue is likely to be resolved within a 6 month period. Thats an interesting one to explain."
[^]Very interesting indeed.
BTW that is when he also said he would sell down all of his stock holdings;), and maybe buy TEL:D