Posted on 01/20/2015 6:38:02 PM PST by servo1969
Rush ate this one : )
You mean like his predictions that McCain and then Romney would beat Obama in a landslide?
Rushbo is always right as long as you don't remember what he said in the past.
Obviously his dedicated fans don't because many times they challenged me to offer ‘proof’ and I have the HTML tagged response(that I use over and over) all ready for BOOM.
True about Rush. I have listened to him a few times recently(first time in many years), and he did attack the GOPe very adroitly.. Problem is, he blows his wad in the first half hour. Hannity I tossed out a dozen years ago. Hannity is horrible. I realize he is a reformed building contractor, so I don’t expect him to be brilliant: )
Hedge Fund Manager Makes $1 Billion After Predicting Oil Price Plunge
http://oilpro.com/post/9882/hedge-fund-manager-makes-1-billion-after-predicting-oil-price-plu
Shots fired at tankers in the Middle East would cause insurers to raise premiums and costs would escalate. Of course that’s just speculation now.
Very interesting!
Interesting. Scheiber lost on his bets with Valero and Marathon during the period.
That is the first and only one I’ve found.
There are so many making predictions every different day, in all different price ranges and time, I guess somebody should actually get it right now and then.
I would like to know if the same guy predicted the 2009 dip as well.
Hard to say.
I’ve read a lot about John Paulson, who made billions betting against subprime mortgages. He had a math savvy research guy (Paolo Pellegrini) who accessed a lot of data bases on the performance of mortgages, and drew conclusions that others either missed or were afraid to act on.
The oil stats seem similar, that there isn’t really “magic” data known only to insiders. But inertia is a powerful thing and it takes guts to bet against the herd.
I must admit, looking with hind sight at the Non-OPEC supply versus global demand growths from the Summer EIA short-term energy reports, I have to wonder why wasn’t anybody talking about the constant more supply than demand growth, for nearly a year.
But I look at those things every single month and never gave it a second thought at the time, or even months later. I did not really click to that until December, HEY, there WAS a sign....
They put the two on the same chart with a couple years of quarterly summaries. I never read anyone talking about them at the time.
I watch a lot of CNBC, Bloomberg, and FOX Biz and don’t remember anybody talking this up before it happened. I do remember several gurus saying oil is 100 bucks or more pretty much forever.
Everyone figured China would soak it up. Then China had a slowdown. And if copper prices are any indication, it's the first significant one since markets were introduced in 1979.
Iron is down to, along with some other useful metals. Lumber futures are down as well.
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