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Posted by: simonsez 1 year, 2 months ago
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simonsez1 year, 2 months ago
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When a utility like Duke Energy, a very staid company in a dull market, falls 10% in one day for no reason, then I believe pure panic has set in. This happened on a day when they got news that they would be allowed to write-off smart meters faster than expected and with natural gas prices dropping. Makes no sense.
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canadianrancher571 year, 2 months ago
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I hear alot of analysists talking about good buying opportunities and I think that there may be a few but it seems that there are now a few peole talking about this lasting for quite awhile. I don't think that we can compare what is happening right now to anything in recent history or even back to 1929. The governments involvement in the economy is large right now and if these measures don't work I think that the fallout is going to hurt more than in 29. Wolfie mentioned a lack of confidence and I think that people are realizing that pumping more money in is not the solution since what value does this money have, to me that is where the lack of confidence is.
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