Re: Off topic a bit
in response to
by
posted on
Dec 03, 2008 04:48AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Yes hope you're right about Canada.
But a trader who's one of the best and who also predicted the collapse this year has not a good view for next year .If the Dow and related indexes couldn't hold current levels then watch this.
That means the bull run is past for long time and believe me 200 $ oil we can forget also for long time despite cuttings from Opec.
Dow Jones lange Termijn
Inhis thoughts we had to go back to the early '90 levels.
Also the heavy oil slide is not good .He thinks Citi ,Bank of America and some others will not survive despite the help.It's like pulping money in a deep deep hole.
Look how financials bottomed out in '30.
.
There is simplu to much credit in the market.As you see how car makers everywhere struggle to sell some cars .There are no more buyers and everyone is waiting.
We will go down further in pieces .