Sorry for all you pesimists, doom merchents, depressed, short queens and of course genderly confused bears.
This aint gonna be a long drawn out affair.. The speed of which this turmoil has happened will rebound exactly in the same way and the same rate, to reach a level in between where reality and common sense will come to the forefront! Mark my words..I am not wise but I explore logic and logic defies everything about this plummet and the sentiment of the modernised world.
Facts. And remember this is 2009 ,not 1909 , or 1929, we are used to things a little bit more modern than steam engines, wooden houses, bi planes and trams in the city.
OIL: world is in total delusional denial.. Oil is essential and growing ever ever shorter, more money is needed to find the reserves, deeper wells, expensive technology, deeper water.. the bigger the fall now the bigger the rise , believe me this is truth. 23 YEARS in the industry and I know. Any one there wants to dabble me on this one, feel free.I know exactly how much it costs and for the un Oil educated it would blow your mind open.. 23 years in procurement and supply with 7 major Operators globally!
BASE METALS: Mines closing, output slashed,projects cancelled- so are we going back to stone carving are we...
HUMAN NEEDS: We have reached the moon ( so they say) buiding towers that house thousands,ships that exceed 1 million tons, and cities that house 10`s of millions. We are now admitting the fact that we are going no further in any quick time- Right!! dont think so..
So this is addressed to the above, have your hour of glory, your little giggles and your constant down ramping. Enjoy your miniscule short gains and littly dibbly dabbly day trading. The world is driven by a basic need for betterment and gain, not less and regression. Dispell it and rewrite everything ever written!
"The man from Del Monte says - shorters, doom sayers, down rampers, day jockies- You shall not pass!
