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Post by jeffolie on Dec 22, 2010 14:31:21 GMT -6
We all know Crude oil has a large impact on our lives. Currently Crude oil is waging war with the 50% Fibonacci resistance level at $90. In April Crude came within $2 of the 50% level and declined, as stocks were peaking at the same time. Should crude succeed at breaking above the 50% level, the 61% level comes into play around $105! dshort.com/articles/Kimble/101222-light-crude.html
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Post by jeffolie on Dec 23, 2010 11:21:09 GMT -6
Oil prices march higher...$91.42 +$0.94 +1.04%
gasoline prices march higher...$3.00+
My jeffolie view is that average Americans are experiencing 'screwflation' for selected expenses such as health insurance premiums, college tuition, energy, etc while home equity declines amid 17% (U-6) joblessness in what I call a 'regular depression'.
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Post by jeffolie on Dec 23, 2010 15:17:07 GMT -6
I told my Junior in College son that 'screwflation' was that everything he buys goes up in price and everything he owns goes down in value.
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