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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

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sharky

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Re: Where is the bottom ?

in response to

Where is the bottom ?

sharky

posted on Aug 04, 2011 05:03PM

Bad end today.Even worser then I had expected.Now we are at a top made in November past year.I wouldn't be surprised if we drop further .Coming months are normally not the best onces.

oil price is also following the trend down.At least inflation will not be a problem .

Question is will we recover or sliding down further.

Chronicle of gloom: Economic indicators at lows

http://www.marketwatch.com/story/chronicle-of-gloom-economic-indicators-at-lows-2011-08-03

Another story

Stocks pricing in a new recession

http://www.marketwatch.com/story/stocks-pricing-in-a-new-recession-2011-08-04?link=MW_story_popular

So with all of this above not so nice for CLL too.Are they again in the wrong period ?

Time will tell.But IMO there are many bargains now in the stock market.

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