Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, May 12, 2008

Traders Vs. Economists

Trish just made the argument... or discussed it, that traders/investors think oil is about to pull back...

But....

economists say fundamentals..... Bla.... Bla ..... Bla....

I understand the bull commodities case... and believe in it....

problem is Oil has doubled since last year.... Demand hasn't doubled... The dollar was only cut by 20%.......

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