Just look at Euro vs Dollar chart. From 1.15 to 1.5 So we can do the following math:
$99 x 1.15/ 1.5 = $75.9
http://www.metaquotes.net/forex/eurusd/
$99 x 1.15/ 1.5 = $75.9
http://www.metaquotes.net/forex/eurusd/
Crude is getting absurd!
- Thread starter YMsystemtrader
- Start date
$75 is said to be fair value for oil. I'm amazed at how many economists just look at the price in USD and seem to be ignorant of the dollar's recent decline. The worse line I hear is due to "hedge fund" speculation. Plz, when oil was at $15 -- how come no one was complaining about speculators driving down the price.
oil longs weren't thrilled -- but they tend not to get much respect.
exactly!
source:http://en.wikipedia.org/wiki/Oil_price_increases_of_2004-2006
that means oil could be at $200 a barrel today and it still wouldn't be a bubble
If america doesn't care about it's own currency why should economists, the average american doesn't know shit right now, wait till it hits the gas stations, maybe then?!
busy americans, too busy to care for their economy;
"'Hannah Montana' Tix Go For $13,000
Hannah Montana tickets are nearly impossible to get, but one lucky person who was willing to shell out big bucks will make her two children very happy and benefit a great cause.
A woman, who wanted to remain anonymous, bid $13,000 for the set of four tickets as part of an auction on the Bob & Tom show, which is based in Indianapolis at WFBQ 94.7."
http://www.theindychannel.com/news/14616597/detail.html
"'Hannah Montana' Scalpers Selling Tickets For Hundreds
Fans and lawmakers said they were outraged on Tuesday that brokers have been buying all the tickets to see Hannah Montana in concert and then scalping them at a high price."
http://www.nbc6.net/news/14653167/detail.html?rss=ami&psp=news
same people willing to pay for oil at whatever price without even knowing it
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http://tv.disney.go.com/disneychannel/hannahmontana/