Friday, June 6, 2008

Oil Prices=Dot Com Bubble=Real Estate Bubble

Wow! Oil prices are through the roof today and they may end up going much higher in the short term. It appears there is a speculative "bubble" in the commodities market. I am betting within the next five years oil prices and all commodites will crumble and shoot through the floor. People speculated in tech stocks in the late 90's, real estate after that and now are doing the same with commodities. When will they learn? POP!