ES Journal Archive (2009 - 2010)

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Quote from Eko_Trader:

He will have to do something about that pretty soon...High Oil price will kill this recovery in its track ASAP.
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I doubt as we near the Nov election will energy be allowed to rise much futher.. We may near $100.00 but after August look for oil to fall back to $50.00.

Its all about public opinion in an election year.
 
Quote from FattBurger:

I doubt as we near the Nov election will energy be allowed to rise much futher.. We may near $100.00 but after August look for oil to fall back to $50.00.

Its all about public opinion in an election year.
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I see your logic. But remember that 2008 was also a BIG election year, and look what happened (and at the worst time possible for the party in power).
 
Quote from jjj1000:

I see your logic. But remember that 2008 was also a BIG election year, and look what happened (and at the worst time possible for the party in power).
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In 2008 the President was Republican. Democrats controlled the House and Senate still do for that matter.

In 2006 the Republicans had complete power. Democrats took the House and Senate from the Republicans.

Fast forward Democrats have complete control just like in 2006. Now look back at the SP and Energy futures. The same thing may happen this time. Aolt the same actors for the nations fiscal matters are still in place, Summers,Geithner,Bernanke. So I expect similar results. These guys are not that bright.

They do now how to rob the people.
 
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