Over A Barrel?

verfasst von CRASH_GURU, 03.09.2004, 06:20

-->Enough for now. The bottom line is that what is very different about the current economic recovery cycle relative to prior historical experience is the acceleration in crude prices at the front end of this recovery. As we have shown you, there is no precedent for what has happened over the last 11 quarters. As there is likewise no precedent for the monetary and fiscal stimulus unleashed by the Fed and Administration over this same period. Although we sure wish we could see clearly what lies ahead for commodity and financial markets, we're just going to have to settle for trying to understand the dynamics of the situation and hope that this understanding, along with a good dose of historical perspective, leads us in the proper direction in terms of investment actions. Unless crude backs off significantly from current levels, we see an increasingly dark set of potential outcomes for the broad US economy and financial markets. To say nothing of an increasingly limited set of choices for the Fed. Could this be what all of those 50 day moving averages crossing down through 200 day moving averages in both individual stocks and macro equity indices are telling us as of late?
<ul> ~ http://www.contraryinvestor.com/mo.htm</ul>

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• Over A Barrel? - CRASH_GURU, 03.09.2004, 06:20