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House Price Crash forum > Investment > Financial markets
cgnao
Is this it?
Deadman
Blue Monday more like.
AvidFan
Apparently, oil only stopped rising because it had reached the up-tick limit for the day.

If oil goes up further from here and hits $150 sooner than July 4th, then I'd say yes. A very, very black Monday.
Bardon
Depends on what they decided at the Bilderberg meeting.
Skint Academic
I'm calling pink monday.
cgnao
QUOTE (Bardon @ Jun 8 2008, 02:52 PM) *
Depends on what they decided at the Bilderberg meeting.


I don't think they can halt what's coming.

They still have influence, but no control anymore.
Bart of Darkness
QUOTE (cgnao @ Jun 8 2008, 02:48 PM) *
Is this it?

Today's a Sunday.
whoami
QUOTE (AvidFan @ Jun 8 2008, 02:50 PM) *
Apparently, oil only stopped rising because it had reached the up-tick limit for the day.


Not so. The lock limit is triggered when the price exceeds a rise or fall of $10 on the day. Trading is then halted for five minutes and resumed with a new $10 limit. The lock limit was triggered well before the end of trading and when trading resumed prices carried on rising. Prices drifted back somewhat of their own accord towards the end of the day.

A large part of the Thurs/Fri oil price rise was considered to be caused by a short covering rally, dollar weakness due to US unemployment figures and hawkish comments by an Israeli cabinet minister. In which case expect prices to drift back down over the next week or two as at least two of those influences wear off.
KingCharles1st
I think that it could well be bad tomorrow- don't ask me why- I just have a feeling.
KingCharles1st
PLEASE look at the posting time on my previous post- and then the one before that- WTF!!!!!

Truth is I only just posted it
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