I love how challenged we are....
Here we are in a recession... and the slow down happened last august.
now everyone says "well it was predicted that we would have a recession at $50... and it's never happened."
In august oil went above $80 and we have had a deeper and deeper slow down the higher oil has gone.
Cognitive Dissonance?
at the start of a recession and $130 oil.....
Go for DUG...
ReplyDeleteI see no bullish story here for oil anymore.
After the holiday weekend where everyone stays home, they'll announce that gas and oil inventories are building and we'll see oil (sweet crude) at $115 where it belongs.
(Unless of course if Israel bombs Iran, then all bets are off.)