Dondon

If CLl is a fraction of ones investment that's ok .

That oil was going to 35 was a not forseeing thing maybe but do a financing deal when banking sector wasin the headlines of coming trouble was not a good idea.And when banks which are the heart for investments came into trouble then the whole economic system is in trouble likewe have seen.

Normally I was a positive guy for outlooks on economy but right now I can't say I am.Also many young people knew they will pay the price for the collapse of the banking sector and therefore I'm not so optimistic for the near future.Nobody of our age has expected to see such an event in our lifetime.So it will not be fixed rapidly too.These crisis we can't compare with the oil crisis in the '80 or the dotcom collpase and later the strike on 9/11.These were all fixed in a rapid time .Right now it looks like the bourses forgot the banking problems and that coming years will be very rosy.Of course the coming earnings could be better then Q's before but I think they will not hold for long time.

I think those who lost their jobs and other who are still following will put a demper on spending.I heard recently that here the saving amount was never so high due to fear that their could be more job losses.

So why should we see in near time a spike in oil again.Oil is rising mostly because the US $ is weakening and therefore gold is up as a counter.So it's not a demand issue .So in short I'm no favourite for a spike in oil maybe some years later when there is again a steady rise on economic activity and growing earnings and better job market.