Oil price dive below USD59 now. It is really a good news for everybody, since the transport cost is a big component on everyone's spending. The food price is also related to transport cost.
From 140 to 59, what has actually changed?
- Economy outlook
- Reduced demand
Actually these are the trigger point for speculative fund to exit the market. The actual demand does not reduce overnight. That's how the bubble burst. When the bubble is growing, everyone just keep pumping air. When it burst, everything suddenly is not true anymore.
Investor should not blindly chase the bubble.
Wednesday, 12 November 2008
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3 comments:
Hi Alen,
Thank you for being a strong contributor to my site.
I'll like to expand my site awareness so that more people will be able to benefit from the knowledge and information provided by quality sites like yours.
Hence can I request to include my link (http://thefinance.sg) to be added into your blog?
Looking forward to hearing from you soon.
Regards
Derek
Hi,
Ok. Done.
Hi Alen,
Thanks!
Merry Christmas & a Happy New Year
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