"OPEC's leaders, who have said recently that they would like prices to rise to $70, will likely reduce output quotas by at least another 500,000 barrels a day at a meeting on March 15"
As crude turns so will the market. Bernanke's upbeat comments this week regarding the recession ending this year leads me to wonder when the capitualation bottom will occur. Remember the bottom is a process and part of that process is a "washout" where EVERYONE and every headline will scream blood in the streets. When this happens it will be time to buy.....WAIT for the fear index to top out....
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
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