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%.......
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
Monday, May 12, 2008
Traders Vs. Economists
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