Quote:
Originally Posted by galahad05
This is a bubble. Just like the housing market went through a bubble. As did the dot.coms before that. Same-old, same-old.
Then, as now, people were saying "things are different this time! This time, the market will go up and up and up without end!" All the while conveniently ignoring the silly little fact that the fundamentals didn't support the prices.
It'll drop back into the 3's at least.
|
But all bubbles need a reason to burst. So far demand has not gone down nor has supply been increased. As well the dollar remains low with no interest rate support from Europe and the rules of the game for invetsors/speculators remain the same.
Oil might take a 25% correction...but that might be from $150 to $112.