So, My thesis is that oil is headed for 110-100
we could luck out and see 80-90.....
so there Trichet is today, talking up the Euro.... so instead of working on everyone getting a break of 30-50% in oil... and yes a 10-20% correction in the dollar Euro, meaning that the Europeans only get half of that break..... But WTF..... Even if he needs to hike rates, Shut the fuck up about it, and let oil Correct.....
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
Thursday, June 5, 2008
Trichet... What an ass
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