6/30/2004

QUICK MARKET NOTE: I don't execute trades on news but you must read this for protection. Hillary Clinton announced that "we're going to take something back FOR YOUR OWN GOOD". Watch the idexes carefully because if the public thinks the Dems will win, the market will tank 2000 points in a day or three. This is an announcement of her intention to install socialism and a controlled economy. Watch it. Watch your indexes. Here's Schultzie's impression.

Oil A big plus: Look for a fall to $30 or less. Inventories are at all time highs, the charts are showing the bears taking over, with a blow off top at the end of May, the SPR (strategic reserves) are the highest in history too, around the world. Put option buying is huge. There is now more supply than demand. Gasoline prices will drop to $1.50 per gallon (without taxes) and look for the Dow to explode to at least 12,000 if oil drops below $30. Some "experts" (always be wary of those assholes) are looking at $25 crude.

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