Friday, July 14, 2006

Fear, oil, "war-premium", earnings, blah blah blah........

Probably headed to a record $80 per barrel. Oil stocks slumping far behind.

Neither Israel or Lebanon produce crude.

Seems to be a wild convergence of issue's to put fear into the markets.

I love the media with all the buzz words to describe market participant activity.

Fear and greed. Buyers and sellers. Pain and pleasure.

Human nature, at last check, hasn't changed in 5,000 years.

I say we are higher by year-end and am voting that way.

Long and strong at Chippewa Partners.

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