LightnRod

Another Oversold Watch: Is This One Different?

I agree for the most part. Expecting a dead cat bounce then a good down leg.

I think given the market conditions, the risks is high for depression. There has been too much credit, and now it looks like pay back time. If this is the case oil can go much lower. Already, oil is coming off its peak due to consumption / demand being reduced. Long term, oil will move up as supply is reduced. But right now, demand is falling.