RE:Well Lets Just Call Thus Survey Monday
I'm gonna pick febuary 30, 2069 as the date opec agrees to cut production!!! HA
how bout we take bets on when or "IF" crow shows his mug on here again??? pofs management probably stopped payin him to post, hahaha! that guy would try and paint every screw up over the past few years in a positive note, unbelievable.
not gonna say where I think sp will be a week after start up, too many things can go wrong, first oil could be a mega spill, lol. but do think the sp could drift back to low .90's in the mean time (especially if it falls below 1.05) and if oil drops further, possibly as low as .81 or so which is the 200 day ma. holding at the 50 day ma presently.
i don't expect oil to drop much further but don't expect it to go anywhere for quite a while either.. I do expect a probable financial crisis in europe and a mega slowdown in china. am about 50% cash now and going higher, the few stocks i do keep will be solid dividend payers and i will sell covered calls on them (have already started). have added a bit of gold, and will add a short financial and short resource etf probably for the short term as a hedge.
cheers and gl ferret