Bill
07-02-2008, 04:25 PM
As we march steadily towards the $150 mark - notice that the talk of speculators is petering out?
Where did all the speculators go? Why are the talking heads stopping using the magic "S" word?
Lets hope the wing/heads figure out where all this hoarded oil is being hidden. And why the speculators have no fear of the spot price and the margin call. What a mystery! Where are the supersleuths when you really need them?
Afterhours, when the price of oil usually drops, it continued to rise, crossing $144. And weds is usually a low pressure day for the oil market.
And, as a side note, we officially entered bear market territiry today.
Where did all the speculators go? Why are the talking heads stopping using the magic "S" word?
Lets hope the wing/heads figure out where all this hoarded oil is being hidden. And why the speculators have no fear of the spot price and the margin call. What a mystery! Where are the supersleuths when you really need them?
Afterhours, when the price of oil usually drops, it continued to rise, crossing $144. And weds is usually a low pressure day for the oil market.
And, as a side note, we officially entered bear market territiry today.