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United States Oil ETF Message Board

  • andthepoint andthepoint Jan 1, 2013 11:03 PM Flag

    From Bloomberg Tonight

    An excerpt...
    “I expect the deal to go through and it will definitely be supportive of oil prices,” said Michael McCarthy, a chief strategist at CMC Markets in Sydney, who predicts West Texas Intermediate may reach $100 a barrel this month. “We’re clearly seeing a modest expansion in manufacturing in China. That speaks directly to global oil demand.”

    So let me get this right, because of this "deal" tonight oil will go up. So starting next week for my employees, there pay will be reduced by 2% as a result of the expiration of the payroll tax holiday.

    But the carnival barkers ignore realty.

    What a joke.

 
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