hdr//neo// gold // oil, page-7

Hi Dingo,

I was always of the opinion that the rising oil price had very little effect upon stockmarket movements in the US and Australia over the past year. It was essentially a scapegoat news story for the down days.

Basically the higher oil price hasn't has the inflationary effects, nor the GDP effects that many of the wankers were spruiking.

Especially so here in Australia, and in the US when a large percent of respective GDP is made up of services and not the energy intensive industries which you might get in developing nations. Australias sharper decline in GDP growth is being affect more by its trade deficit than the oil price imho of course.

This theory is basically correct, when you consider that oil has been smashed down, and the wider markets are also.

I hope I am wrong and oil rebounds tommorrow... haven't had a look at NEO - but I would say OSH is a screaming buy when oil turns up after its correction if not a buy now lol !!! safe oil play imo


Cheers,

Christian