ROBERTB
I hope you enjoy the latest surge in the markets. It will be short lived because the EU is still there and at the latest it is slowing even more. The oil stocks in the U.S. are still gaining although it went down 100k this week but this is the middle of the driving season. Your criticism is really unnecessayr RobertB. I understand the Bakken, here are some things you might not realise;
All the shale oilers are pumping unprecedented amounts of oil and gas hence the oversupply- Ill say that again slowly - oversupply, and the EU is going into a prolonged depresseion there is simply not enough money to pull it out. The IMF now has 80% of its funds in the EU and has told the EU it will have to put up the rest. Germany's latest services figures are going backwards and they will not be providing much more if any!!.
SEA
Again Ill say it its a great company but is being smashed by the EU and the U.S., Australia is about to see a significant slowing in its economy as well. The EU is China's biggest importer and so along with the EU China is slowing and so China being one of the biggest importers of Australian minerals will be paying less and buying less.
California
California officially declared bankruptcy the other day, this fact seemed to slip right buy most of the world.
Im watching and waiting RobertB but at the moment the markets are set for another correction and as I speak SEA SP is falling again and is being held up buy bot trading.
MM
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