RE:RE:Finally the FED is gone oil @ $83Cobalt wrote: Oh man they going beak something if they keep jacking at the pace they want LOL
Expect a bunch of political rhetoric expressing outrage at this fed pace , just more smoke to cloud the view . When you get past the BS , employment is still strong , people still need to get to work and will still need to heat their homes and businesses in another month or two . Most people still have savings and haven't been hit with a morgage renewal so I expect demand to remain firm going into the winter season . This continued pressure on price will irritate OPEC+ as well as domestic producers , I noticed drillers took a big hit today as well as they could see less business .
I am still shocked how pigheaded this market remains but in this day and age , I guess nothing should surprise us . Its like kids around the old style stoves , they were facinated when the element would turn red . You'd tell them not to touch it but the minute your back was turned , well you know . The paper market just keeps tempting fate , sooner or later paper and physical markets are going to collide .