Surely with oil now over $100/barrel its time to get out of stocks

http://www.youtube.com/watch?v=bothQuBwhDU

this video explains the correlation well. seems that once oil gets higher than $80ish/barrel there's trouble for stocks. (perhaps with dollar devaluation that figure might be nearer $100/barrel now?)

I agree and can't understand why it is not happening now. How many things need to go wrong? Oil over $100, US debt spiralling out of control, the PIGS dragging Europe towards it's knees, Mass worldwide unemployment, food & commodity prices rising, significant inflation problems .....
I have shorted the June S & P with a spread bet.

well i've flogged most of my shares today. needless to say i wish i'd done it yesterday as most of my shares had taken a hit today! always the bloody way innit?! particularly rio tinto which conveniently decided to plunge about 4% today before i sold!

Where are you going to put your hard earned?
I am currently ca 30% mining fund (mostly gold & silver), ca 20% metals managed funds ca 30% cash & 20% GSK

I sold my SSE shares today for a small profit

Rio & their mates would not have done me too many favours today. These are two of the funds I have.
http://funds.ft.com/firststate/investmentuk/CFRESP/assets
http://funds.ft.com/JPMorgan/assetmanagement/SPCOM/assets
..

At least GSK and the S&P are going in the right direction for me today

im afraid im the last person to ask for investment advice! i inherited a fairly large amount of money a few years ago and lets just say its been a steep and rocky learning curve trying to put it in a good place! i've got about half of it in gold and silver and the rest in cash now. it just seems to me that we're approaching 2008 all over again - a too high oil price causing a global crash. as i said above imo the stock market 'recovery' was purely enabled by a comparitively low oil price. with oil back over 100 a barrel the only way is down imo.

if its just like 2008 then gold and silver will take a hit as well. maybe cash is the best place to be now... (yes i know interest rates are sh1t but at least u cant lose money! (nominally))

i think i should probably sell off my silver now but its always easier to do nothing!

I'm starting to think that everything is going down the pan, including gold and silver. I'm tempted to
stick a fair whack in the below bonds. While inflation probably exceeds the return, you may be losing less than in most other options.
http://www2.postoffice.co.uk/finance/savings-investments/growth-bonds
..

or maybe I'll just short the arrrse out of everything

take a look at the 3-year chart for yr first asset fund (i havent looked at the 2nd). it bombed in mid-2008 (high oil price) and since then has steadily climbed up to what looks to me a plateau since start of 2011. this pretty much mirrors the stock market performance (and the inverse of the oil price). I dont know when u invested in this fund but im assuming you've made a decent profit.

Honestly, if i were you i'd get the fck out of it now while the going's good. its had a very nice run but all good things come to an end. high oil price is the killer. its a no-brainer imo.

its very hard to be sure and im certainly no expert but IF we get a repeat of 2008 then there will be an oil spike followed by a crash of stocks, commodities AND oil. if this happens then u want to be in readily available cash so u can buy stocks/commodities on the cheap just like late 2008/early 2009. however, whether things will pan out the same way this time i dunno

i looked at the post office bond but there's a few issues i have with it.

1) if there is another big crash due to high oil price we may well get DEFLATION again for a period, so not good for RPI index.
2) the RPI is probably fiddled by the government. it is in their interests to try to downplay the rate of inflation, especially as they are so impotent about it.
3) yr locked up for 5 years

the fact is in a declining world economy (yes i am a peak-oiler!) its pretty much impossible to preserve yr wealth long-term.

If the Fed announces QEIII stocks can start there mystical levitation process once again for a couple of months.

well maybe QE has some effect on stocks but i really think by far the most important factor is the oil price. i think we're due another massive spike - maybe $200 or more. they all talk about OPEC opening the taps because they're terrified of scaring the markets but its all bullsh1t (capitalism runs on bullsh1t and oil). OPEC has FCK ALL spare capacity and the markets are slowly realising this. its gonna get ugly imo

'Brent crude oil pushed back above $115 a barrel as fighting in Libya intensified, and after the Opec crude oil producers’ cartel said it saw no need to hold an emergency meeting to ease oil supply fears.'




people think they can just turn on the taps!! they're not even HOLDING A FCKING MEETING TO TALK ABOUT IT!!

Any views on this?
http://www.rns-pdf.londonstockexchange.com/rns/5755C_-2011-3-8.pdf
...

i havent the foggiest what its about!! care to enlighten me

It's a Lloyds bond. 5 years paying 5.5% per annum

i see. is that widely available? the choice is fairly simple imo in that investing is the same as it ever was in that you can go for low risk/low return or higher risk/higher return, except that now the cards are stacked against you. the essentials in life are sure to go up more than 5.5% over a reasonable period of time (say 5 years) so you are gonna lose a bit of spending power in a bank bond.

the alternative is to keep yr money at hand, wait for the stock crash (and oil crash), and buy stocks at a low price. this assumes that we are set for 2008 all over again. i dunno if the exact same scenario will play out.

my tip would be to hold onto readily available cash for now as im sure with oil over $100 the economy and stocks are gonna get very shakey again and u want to have options.

the best u can hope for is to reduce the inevitable decline of yr personal wealth but its a lot easier said than done! its a bit like trying to plug a failing **** and running out of fingers! (oo-er!)

ffs - d1ke

crisis of the week is tomorrow's "day of rage", if that turns out to be a flop and libya starts to resolve you may see some buying.

here's one for next week, remember to wear your tinfoil hats....

On March 19, the moon will swing around Earth more closely than it has in the past 18 years, lighting up the night sky from just 221,567 miles (356,577 kilometers) away. On top of that, it will be full. And one astrologer believes it could inflict massive damage on the planet.
Richard Nolle, a noted astrologer who runs the website astropro.com, has famously termed the upcoming full moon at lunar perigee (the closest approach during its orbit) an "extreme supermoon."
When the moon goes super-extreme, Nolle says, chaos will ensue: Huge storms, earthquakes, volcanoes and other natural disasters can be expected to wreak havoc on Earth. (It should be noted that astrology is not a real science, but merely makes connections between astronomical and mystical events.)

8.4 mag earthquake has just hit Japan, the moon men may be right.....

"moon man" Ken Ring
http://www.predictweather.com/ArticleShow.aspx?ID=339&type=home

That's the earthquake and a potential deadlock from the Euro meeting to add to the mix

SDEH, I'm not sure if that is available to all. I am a halifax account holder and have a very small number of lloyds shares

libya starts to resolve

yeah right. maybe resolve into civil war

Factsheet on the Lloyds bond
http://www.halifax.co.uk/filestore/Lloyds_TSB_Sterling_Retail_Bond_Factsheet_March_2011.pdf
...

'day of rage' flopped, markets bounced back.

Bears gone bankrupt yet again. I'm not really sure why people feel the constant need to try and predict the exact start of a reversal. That is not the way to make money, in fact you will lose your money several times over before you get lucky and manage to pick the start.

Here is news for you - the bull market will continue whilst QE2 or even QE3 (if it happens) is ongoing. Until then, keep your powder dry. There will be an opportunity to short the market but it isn't yet.

yr entitled to yr opinion but i cant see any upside whilst oil is over $100/barrel

p.s. selling yr shares at a decent profit is a funny way to go 'bankrupt'

you should be selling shares when it is obvious a reversal has happened. A short term blip is not the time to be selling. Furthermore, trying to blindly predict the exact start or end of a trend is futile and idiotic. Bears have been repeating your opinion for every day for the past year or so. Where are they now? All of them have lost money several times over.

These facts are all highlighted in the book, "reminiscences of a stock operator". Please go read it.

you should be selling shares when it is obvious a reversal has happened. A short term blip is not the time to be selling

erm... and exactly how does one know the difference between an 'obvious reversal' and a 'short-term' blip before its too late?

Bears have been repeating your opinion for every day for the past year or so. Where are they now? All of them have lost money several times over.

erm... considering the FTSE has only gone up about 5% in the last year they havent lost much have they?

i repeat my assertion that the primary factor in the stock market is oil prices. when they were low in 2009 the stocks shot up, in 2010 with higher oil prices they went up less, and in 2011 with $100+ oil prices they are struggling

What do you mean "too late"? Even assuming there is a crash like 2008, there would still be plenty of time to get out.

If you are a long term investor, which you obviously are, it is fairly stupid to bail out after a 2% blip on a complete hunch. If you are going to do this, then you might as well just become a day trader. Fair enough, if stocks continue to trend lower, then might be the time, but as it is, 2% is not sufficient to be bailing out.

Oil prices increasing could well cause another recession - but markets are not simply going to crash overnight. More like, as oil trends gradually higher, stocks will trend gradually lower. There is plenty of time to actually evaluate what is happening, and make an informed decision based on facts.

Anyway, in your position, instead of simply selling everything, a much better play would be to go long oil as a hedge, and re-evaluate the state of your stocks in a month or more. Like I say, you might get lucky, and manage to predict the exact start of the reversal, but equally, you could very likely miss another continuation of this trend as has been happening for the last year. Markets have been ignoring fundamentals for a while now.

Like I said, you need to re evaluate your investment strategy. Your opinions are perfectly good and valid, but your approach isn't. You are trying to do things beyond your capabilities (i.e trying to predict the exact start of a reversal, which even the experts can't do very well). Furthermore, being right a few months too early is no good. I agree with you that we are likely to slip into another recession with high oil, but I am keeping my powder dry for a few months yet to see how things pan out.

^^ wot he said.

Even assuming there is a crash like 2008, there would still be plenty of time to get out

this is such a ridiculous statement. how do u know when a crash is gonna be a big one? u dont know until its happened. supposing the FTSE lost 10% next week - is that a big crash? the next week it might recover all the losses or lose another 10%, nobody knows. You say there's plenty of time to get out. not everybody is sat at a computer 24/7. stocks can lose value very quickly.

why is 2% not sufficient to bail out? its a lot better than bailing out at 20% loss!

you say that as oil trends higher then stocks will trend lower. that is exactly my point ffs! i have made the decision that oil has reached a price whereby stocks cannot rise further so it makes perfect sense to sell up now imo.

Markets have been ignoring fundamentals for a while now. i think main fundamental is the oil price and the markets have not been ignoring that imo.

Go look on the 20 year chart and come back to me. All you are trying to trade is noise at the moment.

Go look at the 2000 and 2008 crashes - did stocks crash from their top to the bottom overnight? No.

Furthermore, these two crashes are completely different beasts to what is happening now. Do you seriously think that $150 oil would cause stocks to crash overnight? You are stark raving mad if you do. Assuming oil did hit $150 and stay there, and that did impact stocks - it would be a slow and painful death over a period of a year or more, not an overnight crash.   

Top investors can't even predict highs/lows properly. What chance do you have? You are just p1ssing into the wind with your current strategy, and will end up wasting money doing this long term.

Again - this isn't a debate on your opinions of the fundamentals. These are fine. Your strategy is horrible though and will do you no favours.

Not really sure why you are getting so uptight about this - you have admitted yourself that you aren't an expert, and the info I am suggesting here is pretty common knowledge amongst anyone who has even bothered to formulate even a simple strategy for investing (you do realise there is more to it than simply picking good stocks, right?). Most of it is in the book "reminiscences of a stock operator" in fact. Go read it.

im not getting 'uptight' - i am merely disagreeing with what yr saying. is that allowed?

i dont know why u keep going on about an 'overnight' crash. i realise the ftse isnt going to lose half its value in one day. the last time oil hit $150 in 2008 it caused a rapid and steep crash so i dont know why u think if it happened again it would cause 'a slow and painful death over a year or more'.

i dont understand why you seem to agree with my opinion of the fundamentals but not with my 'strategy'. surely if you believe that the oil price is high enough at the moment to stop the market (which i do) and that its only going to get higher in the mid-term (which i do) then it makes perfect sense to sell yr stocks.

im not selling because the ftse lost 2% or something over the last few days. im selling because i think oil has reached a price where there is no upside going forward.

No - you are missing my point. There is no point being right if you are a year too early. I mean, stocks are bound to come down at some point, but what evidence do you have that it is exactly now? All evidence suggests we are still in a bull market.   

The reason I mention that there will not be a crash (by that, I mean significant rapid sell off over a short period of time), is because you seemed to be obsessed with trying to pick the top of the market. If there isn't going to be a crash, rather a slow change of trend, then there is no rush to bail out of your positions.

Here is a strategy that works better:

Wait till you think the market has peaked, and there has actually been a bit of a sell off before exiting (and to do this, do not look at any charts under 10 years). This is a far better plan than trying to arbitrarily pick the top. You have absolutely zero chance of doing that, and will, almost certainly, get a better exit point by selling on the way down after a peak. There is also a psychological advantage doing this - tell me, what would you do, if you sold on monday, and the stocks kept going up for another 6 months to a year, or even longer?

Anyway, as for you trying to pick the top - what evidence do you have that it has peaked other than a whim? Did you check out the 10 or 20 year chart like I said? I can't see anything other than noise on the one I'm looking at.



the last time oil hit $150 in 2008 it caused a rapid and steep crash so i dont know why u think if it happened again it would cause 'a slow and painful death over a year or more'


No, just no. I'm not even going to begin to tell you what is wrong with that statement. Go look at a chart of the FTSE overlaid with the oil price and come back to me on that.

surely if you believe that the oil price is high enough at the moment to stop the market (which i do) and that its only going to get higher in the mid-term (which i do) then it makes perfect sense to sell yr stocks.

No. It makes perfect sense to hold your stocks and hedge with oil - you have no evidence the market has peaked. If you are very unlucky, stocks will go down and oil up, and you will break even. If as I expect, oil and stocks both go up, you will make more. I can't really see a scenario where oil and stocks plummet, unless there is another '08 style sub prime crash.

MANY GOOD POINTS BEING MADE HERE.

heres a question

japan is in real trouble re the earthquake. Im sure  the world has a great sympathy and shares their sorrow- how will affect stocks?

japan imports 4.4 million BBL of oil a day.This will dwindle to sfa in the coming weeks.Say 1 mill a day.Japan is still the worlds 4th largest economy.

I think Libiya produces 4 mill barrels a day.Is this now negated?

Surely demand for oil drops after the japan earthquakes?

If oil drops will markets rise OR will the economic impact be too big?

Stocks - down. The question is, is this as bad as kobe was? Certainly a bigger earthquake, but has it caused more damage? Kobe caused 2.5% of GDP worth of damage. Sendai looks to have been hit hard in this one, it is a slightly smaller city than kobe. Now I have no idea of general economy at the time, but there was an 8.5% sell off on the NIKKEI after the kobe quake (jan 15th 1995). There was also an additional sell off till july that year (totaling ~25%). 

Oil - No the oil price won't drop. There was no shortage of supply anyway, yet the market has ignored this because of fears for the rest of the area (i.e saudi).

IMO - long US, short JPN

what evidence do you have that it has peaked other than a whim? Did you check out the 10 or 20 year chart like I said? I can't see anything other than noise on the one I'm looking at.

are u seriously saying that the way to predict the stock market is to look solely at the historical graph??!

japan imports 4.4 million BBL of oil a day.This will dwindle to sfa in the coming weeks.Say 1 mill a day

you cannot be serious

you seemed to be obsessed with trying to pick the top of the market

?????? i dont get why you've got such a bee in yr bonnet about this. as i've stated several times before on this thread it is merely my own personal opinion that in the current environment there is little if any upside to stocks. so i sold up. i may well be wrong. c'est la vie. dont get why u think its such a wierd thing to do

are u seriously saying that the way to predict the stock market is to look solely at the historical graph??!

Are you an idiot? Go look at any chart. How can you tell the market has peaked? Like I said, you are a complete guesser who has absolutely no clue. I don't really care if you listen to me or not, but you will lose profits investing like this long term. About time you bucked your ideas up and actually did some research.

looking on a 10 or 20 year chart is how you tell whether what you are currently seeing is noise or not. If a small retrace doesn't register on there, then you can bet your life it is noise, and the current trend will continue.

Looking at these charts, we are still very much in a bull market. So, why on earth are you considering selling up?

because oil is $115 ffs!! how many times do i have to say it??!

Again, that's not what I'm saying. I'm not even going to try and explain it to you again. You are a complete and utter dullard. I advise you to sell up and never invest ever again; you are obviously incapable of rational thought or comprehension, and sheeple like you only end up getting slaughtered long term. Go read a book on the subject. ta.

i knew it was only a matter of time before you resorted to insults. god bless x

Sir Denis Eton-Hogg


japan imports 4.4 million BBL of oil a day.This will dwindle to sfa in the coming weeks.Say 1 mill a day

you cannot be serious


are you implying dennis that demand will remain unchanged?Why so?

I note oil is down 1.50 this morning.But the real action is tonight OZ time. We will see.

Saudi was the big issue re oil, Libya is more a regional stability issue as their production levels isn't substantial.
The Japan nuclear issue will create demand (temporarily) for other energy options.
Nikkei down but the Yen should strengthen.

some international selling related to Japan crisis but should be relatively controlled, one concern is opportunist short profiting in a OE week.

as for Japan, apart from the devastated areas, the disaster could prove a strong economic stimulus, and the Japanese are a very resilient and stoic culture, and technically very well suited to rebuild recovery.

QE ie devalue the yen ie follow the dollar ie an opportunity to level the import/export playing field
Oui or non?

a strong yen isn't a disadvantage in a rebuilding phase given Japan lack of natural resources, at least in the near term.

a lot of the cost will be carried by US and euro reinsurers, similar to Christchurch.
NZ reserve bank reaction was to lower rates 50 basis points last week, about 3 weeks after the earthquake, different situation though.

are you implying dennis that demand will remain unchanged?Why so?

of course im not implying that demand will be unchanged. i was merely incredulous at the figure of 1 million barrels estimated

ok no probs dennis,  bit of a wild guess I'll admit.Oil was down last night but not by  a huge amount.

I sold the lot last week, except my GSK shares. My S & P short is looking pretty healthy too!
Well done Sir Denis on your timing.

lol - i wasnt planning on a tsunami!

Let me get this straight - you are congratulating him because the FTSE has fallen 2.29% in 2 days, for reasons other than why he sold?

This might be funny if it wasn't so sad. How clueless can you get? On second thoughts, don't answer that. I can see by your refusal to sell your GSK shares and invest in a decent company that the answer is obviously "a lot more".

How much did you lose?

Are the two cronies still patting each other on the back now about their excellent "timing"?

FTSE:

9th March - Close at 5927.

1st April - Close at 5991.


Congrats on selling in the middle of a bull market on noise. Is your trigger finger getting itchy yet? I give it 6 months before you decide to get back in.

wow, that's a big move!
Each time I read an article like this one, I am glad I am on the sidelines.

http://online.wsj.com/article/SB10001424052748703712504576234672334042798.html
...

er...so its gone up 64 points in about 3 weeks and you have come to the conclusion that there is still a lot more upside to come? Why is it not 'just noise'? We'll see where its at in 6 months time when oil is at $200 and china and the USA are squaring up over QE

How many times does this need explaining to you? Go look at the 10 year chart. You two are so utterly clueless, it is quite embarrassing that you then come out and start patting each other on the back for having excellent "timing", which then turns out to be completely wrong.

I have told you this before: In a bull market, any retrace is big and rapid. Similarly once it hits the bottom it will go back up just as fast as it went down.

The ftse dropped 6.7% in less than 2 weeks from March 3rd. It has now gone back up the same amount since the low on March 16th. The trend is very much still intact, this is not the time to be selling all your stocks.

i think you'll find i havent been crowing about 'excellent timing' if you bother to read the thread (which obviously u dont - u prefer to make up stuff to suit). i merely stated the opinion that i dont see a lot of upside at the moment. time will tell if im wrong. i wish u'd stop being so vindictive. if in a year's time im proved wrong then so be it

Stow_judge
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I sold the lot last week, except my GSK shares. My S & P short is looking pretty healthy too!
Well done Sir Denis on your timing.

Like I said, you like to pat each other on the back.

Btw, you were wrong, whatever happens to the market from now on. Didn't you read anything I wrote above?

Only idiots, and people who want some sort of praise for being an "expert", go around trying to call market tops. By the time you eventually get one right, you will have wasted far more money than if you had stuck to a sensible investment strategy.

You admit you aren't an expert - yet you aren't willing to listen to any good advice. It's not like I'm bullsh1tting either - most of what I have said is out of books, written by legendary investors. You are ridiculously stubborn it is almost unbelievable.

Sir Denis, you're probably wise selling up if you're uncertain, nothing worse than blindly following the advice of others, and we all have different risk profiles and goals. If you're not comfortable/fairly confident of your investments then it's not worth the sleepless nights. But there are always opportunities and there always multiple influencing factors, it's never just one thing (eg oil). Also don't focus too much on indexes, they don't say enough about what individual stocks are doing or when/which to buy.
main buys from first 2 weeks of Feb:
MBLX +22%
NZX +26%
NZO +10%

Like I said, you like to pat each other on the back.

How the fck am i responsible for what another forumite has said? I haven't congratulated myself or anyone else

Btw, you were wrong, whatever happens to the market from now on. Didn't you read anything I wrote above?

ffs you clown. I never made any pretense to calling an 'exact top' of the market. I merely stated that I couldn't see much if any upside in the medium to long future. As it happens the FTSE has gone up maybe 100 or so points in the meantime. You said yrself that it is meaningless to make any conclusions from week to week movements yet you are doing it now!

Only idiots, and people who want some sort of praise for being an "expert", go around trying to call market tops. By the time you eventually get one right, you will have wasted far more money than if you had stuck to a sensible investment strategy.

My simple investment strategy is invest when oil is cheap and sell when oil is expensive. Time will tell if thats a good strategy (i.e. several months/years not a couple of weeks)

And YOU accusing ME of not reading what you've written is laughable.

and in reply to polybot yr right that its never one thing exclusively but it just happens to be my opinion that by far the most important single factor in the health of the global economy and equities is the oil price. maybe im wrong, we'll see - oil about $120 now - the world cant afford it imo

http://www.bbc.co.uk/iplayer/episode/b00zt3py/In_Business_Over_a_Barrel/

Was an interesting programme on r4 last week about oil and mention of the price now held up by hedge funds.

Judging from your posts over a number of different fora denis, you are a bit of a dullard, and a hysterical one at that. It is pointless even trying to explain anything to you. I advise you to go read a book before you lose all your money on the markets. Ta.

a typically irrelevant and patronising response. i'd expect nothing less.

the ignorance in this thread is amazing.

Whippet Joined: 01 Oct 07
Replies: 4438 05 Apr 11 18:21 
Judging from your posts over a number of different fora denis, you are a bit of a dullard, and a hysterical one at that. It is pointless even trying to explain anything to you. I advise you to go read a book before you lose all your money on the markets. Ta.


wipeout, can you ever, and I mean EVER, offer a well thought out refutation of a poster's position, if you don't agree with it, WITHOUT the ad hominem attacks?

You do EXACTLY what you accuse others on here of doing, and throw temper tantrums when someone like me decides to return your poison.

As opposed to you, who attacks people without ever offering his own opinion?

Without offering my own opinion?!?!?

Have you probably lost the plot?

I'm probably the most opinionated poster on the forum.

I don't post specific trades because (as I said on the other thread) that would oblige me to continue to post any changes to my trading position, otherwise whatever I posted later would lack legitimacy. But I have posted massive statements on what I expect the markets to do based on what I see as the macro picture.

Next time I post "the only thing you know trading 2011 is INFLATION", I will make sure I leave clear instructions for you how you play that on the markets. That's what makes your "your a failure" rants so laughable. The massively profitable trade in 2011 so far is trading for inflation, but you think that was a failure. You can't make this stuff up.

Well, not probably, you HAVE lost the plot !

anyone see any hyperinflation anywhere today?

did anyone say there was going to be hyperinflation today?

When someone stretches an elastic band, Mr Ben clearly thinks it's broken or it isn't. Even if it keeps getting stretched further and further it's still not broken so he's right. He's looking at it in purely a black and white fashion. The shades of gray are getting darker and darker but it isn't black so it's white!

hmmmm - 5 months later and the market's still struggling to tread water....

looks like i was right. hope u all got out

except it had nothing to do with the oil price did it?

I guess even a broken clock is right twice a day.

The more time I spend on here, the more I understand that this space can be nothing more than a playground for children with a few quid in a trading account. Reading that last post makes me shake my head in disbelief that it was actually posted on a "financials" forum.

Wipeout, get it through your head, OIL has everything to do with it. From a macro perspective, the ONLY significant thing that happened in the markets since August is that Brent remained over $100 despite a looming global recession and a financial system meltdown. While everyone is focused on the monetary frankenstein experiment conducted by central banks, those who truly understand what's going on know that there is literally nothing that can be done once aggregate energy rate of supply peaks.  It's a death blow to a monetary system where money is created as debt and exponential growth is needed to pay the interest. They can print all they like, it won't make a bit of difference. Try and wrap your head around that if you can, you just might begin to understand why some of us have a dimmer view of the future. I suspect however you probably don't even have a clue of what I'm talking about.

The playground is that way Wipeout.

Did the oil price cause the 16% drop in most indices at the start of september? Yes or no? Therefore denis is not right.

I didn't post that to defend Denis. He's one of the many drive-by shooting, post-on-occasion nonsense lemmings on here and as such he can defend himself. I posted just to point out your vast ignorance of what the current issue facing us today on the macro level really is. You should be happy I continue to put the blame on some of the laughable way off base stuff you keep putting up here on immaturity and inexperience, otherwise I would have to start accusing you of having an empty cranium like benny.