Wednesday, March 9, 2011
AMZN
Still believe this one heads more south. It got a reflex off the earnings over the entry but looks like it will head to that $160 target I had seen-
Waiting
Still waiting to see were the market tips its hands. Reading up this morning for over 2 hours and everyone thinks we will die if Oil gets to $110. For me I don't think so and for those who think so $110 is just around the corner, maybe even before next month :)
Folks got to remember the first Iraq war Oil was sub $20 a barrel and we thought $50 would bring the world down forever. I said this many times the forces that be wants Oil higher and what they do is push it up and level it there to see if the world adapts to that level. For example when Oil was trading @ $75 and there for awhile I knew 100% the would push it higher, Why? because we adapted to it without any adverse effects. Same this goes here we are above $100 and we have no data to show people stop driving, companies not investing etc, so the forces that be will shoot for much higher prices after we base for awhile here.
Peak oil is here folks or if not coming soon. There is no more cheap oil around and the US Government talking about tapping reserves that wont do a think has the US only has 34 days supply of Oil in reserves. Think about it if all Oil stops following we will be back to the dark ages in 40 days, it is that simple. Reserves don't do anything here in this argument about Oil prices, it is just another bs political, media story.
Folks got to remember the first Iraq war Oil was sub $20 a barrel and we thought $50 would bring the world down forever. I said this many times the forces that be wants Oil higher and what they do is push it up and level it there to see if the world adapts to that level. For example when Oil was trading @ $75 and there for awhile I knew 100% the would push it higher, Why? because we adapted to it without any adverse effects. Same this goes here we are above $100 and we have no data to show people stop driving, companies not investing etc, so the forces that be will shoot for much higher prices after we base for awhile here.
Peak oil is here folks or if not coming soon. There is no more cheap oil around and the US Government talking about tapping reserves that wont do a think has the US only has 34 days supply of Oil in reserves. Think about it if all Oil stops following we will be back to the dark ages in 40 days, it is that simple. Reserves don't do anything here in this argument about Oil prices, it is just another bs political, media story.
Subscribe to:
Posts (Atom)
