THE TODD MARKET FORECAST
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(November 1, 1999) ENERGY COMPLEX: Crude has more than doubled over the past year, but has probably now entered a trading range. It should have trouble getting back over 25.
If we are correct, this means that inflation well have one less peg to stand on. It's kind of amazing. If we didn't get inflation by this move in crude, what will happen when crude ceases its advance?
Stephen Todd