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Old 05-25-2008, 10:05 AM
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Originally Posted by W-B proud View Post
Buy a motorcycle. It's so much cheaper riding a motorcycle then driving a car.
I've got nothing against motorcylces but won't drive one myself, too dangerous. The chances of getting in an accident are very real and I don't want to be on a motorcycle when it happens.
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Old 05-25-2008, 10:11 AM
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one interesting phenomenon we are seeing is that the long treasury bond which normally fears inflation big time and moves opposit oil has linked itself to oil prices like a buzzard following a sick animal. they have been moving in lockstep which is unheard of. it seems the world bond market thinks there is some magic number that will be hit in oil where all will tumble down. the long term bond market is looking at all this like long term this is only a blip to the economy and things will settle down and resume. hope they are right!.
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Old 05-25-2008, 11:05 AM
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Quote:
Originally Posted by mathjak107 View Post
one interesting phenomenon we are seeing is that the long treasury bond which normally fears inflation big time and moves opposit oil has linked itself to oil prices like a buzzard following a sick animal. they have been moving in lockstep which is unheard of. it seems the world bond market thinks there is some magic number that will be hit in oil where all will tumble down. the long term bond market is looking at all this like long term this is only a blip to the economy and things will settle down and resume. hope they are right!.
You gotta know how the market works? No? The price curve is based on perception. Perception is based on the following...

First it's Speculation..... By here!!!! This time has already passed for commodities.

Then it's Fascination.... This is the point that it became "Mainstream" this is still happening.

Followed By saturation..... This could still be years off.... This is when the smart investor sells into the market. But it is hard to time the market top!!

Finally it's repudiation..... This is when the price crashes and all those folks that got in at any time other than the first speculative stage lose.

Some always think the bubble will pop/ some always think it will always go up. The reason that the bond market is racing is the falling dollar. The reason the commodities are racing is the falling dollar. So they may follow in lock step. But I figure it's more coincidental than causation.
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Old 05-25-2008, 03:04 PM
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Default Latest Price of Gas in Anaheim, CA

Latest update on price of regular in Anaheim - $4.05 as of today.
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Old 05-25-2008, 03:59 PM
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yep stan everything you said is 100% true. under more normal conditions though i tend to think the long end of the bond market though wouldnt sit very well with the way commodities and raw materials have sored, i still believe they are smelling something in the air thats not pretty and thats why they are still rising despite this.

they smell a hint of real bad recession or even a little deflation if the oil numbers get high enough.
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Old 05-25-2008, 09:49 PM
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I just paid a bargain price of $3.89/gallon for regular unleaded at the Sunoco station on the corner of Wyoming Avenue & Northampton Street in Edwardsville.
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Old 05-25-2008, 11:16 PM
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It could be worse.....just outside of Philly today, regular was $4.21.
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Old 05-26-2008, 09:37 AM
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Old 05-26-2008, 11:00 AM
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Quote:
Originally Posted by mathjak107 View Post
yep stan everything you said is 100% true. under more normal conditions though i tend to think the long end of the bond market though wouldnt sit very well with the way commodities and raw materials have sored, i still believe they are smelling something in the air thats not pretty and thats why they are still rising despite this.

they smell a hint of real bad recession or even a little deflation if the oil numbers get high enough.
Hope we don't get Deflation.... The last time that happened in the US.... This song was popular "Brother can you spare a Dime?"

What they are smelling is the Death of the dollar. The middle east countries have announced that the US is backing plans that they decouple their currency. You should be able to figure out what this means.....

To the rest of you.... Figure GAS is cheap to the point of free right now!!!.
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Old 05-26-2008, 11:15 AM
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Originally Posted by NYRangers 2008 View Post
To funny! With this analogy the price will rise until its cost him his brain!
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