[rellimpank]

---"It does not get any clearer which way Wall Street is trying to take oil,"--

--whoever this ignoramus is, he needs an Econ 101 course---

[Perdogg]

Actually Brent Crude fell today.

[NVDave]

Why should he take an econ 101 course?

It isn’t as tho having a PhD in economics makes for successful traders. LTCM had not one, but two Nobel-awarded economists PhD’s on their staff... and their silly theories helped drive LTCM into the ground at full military power.

The “Maestro” of economics, Greenspan, thought that the proliferation of silly mortgage products was good for the real estate market and the banking industry. Bernanke thought that sub-prime would be contained.

What economists know about actual markets could be dropped into a thimble, whereupon it would rattle around like a ball bearing in a railroad boxcar.