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  • ilap2004 ilap2004 Mar 23, 2009 11:43 PM Flag

    Obama and the Markets


    So we agree it was fact-free.

    The part about Obama seeming honest shows he's in a hermetically sealed off little world.

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    • Doc

      Oil supplies are high, while demand is low, which should put pressure on price at least for the short term.

      We are in a period of deflation... Some might diagree on that, but you and others agree on deflation at least for the short/mid term.

      I feel like shorting gold, which is highly overvalued right now.

      How do you feel about equities/bonds, last time I checked you were long bonds ( maybe venezuelan or did you back out?) You were a little shy on stocks, but maybe you went long?

      How do you feel about agg commodities, I know you disagree with Jim Rogers about oil ( at least short term), but how would you feel about buying the DBA ? The DBA is down something like 42% off of it's peak. I know Fred or Musk or one of the other regulars likes POT or MON, you would think the DBA is along those lines.

9.37+0.26(+2.85%)Aug 29 4:02 PMEDT