Post by brosin on Oct 26, 2010 22:17:40 GMT -5
This was a terrible call within an ok one; in hindsight, duh yes it was a bubble. I was calling to get long again though right before bottom fell out of the entire bubble only a few weeks later...
In email to my uncle who is a financial advisor
"Do you see a bubble? I'm interested what your thoughts are.
I see a large scale boom bust cycle forming, but I think prices will trend higher. Especially with all the main speculators saying 150, even 200 a barrel, I don't see a bearish bias sending prices low for at least a couple months. I anticipate that the dollar will continue to get weaker, especially with the ECB saying they are going to be raising interest rates. Short term demand won't be able to adjust fast enough I don't think. 1. it's summer, & 2. china's demand will remain high if not get higher as they are still coping with earthquake problems"
In email to my uncle who is a financial advisor
"Do you see a bubble? I'm interested what your thoughts are.
I see a large scale boom bust cycle forming, but I think prices will trend higher. Especially with all the main speculators saying 150, even 200 a barrel, I don't see a bearish bias sending prices low for at least a couple months. I anticipate that the dollar will continue to get weaker, especially with the ECB saying they are going to be raising interest rates. Short term demand won't be able to adjust fast enough I don't think. 1. it's summer, & 2. china's demand will remain high if not get higher as they are still coping with earthquake problems"