To: aynrandfreak
One should be very suspect of this $105 dollar call on oil. I would not be surprised if they closed all their long positions today and went long on the Stock Market. It makes sense, tout oil; make the SPX drop, accumulate the SPX on the way down, sell oil at the top, sell the SPX on the pop. Lather, rinse, repeat. I do not, however, think oil will drop that much. I'm calling attention to a standard brokerage practice.
To: Attention Surplus Disorder
You're right, and not only because they may be using this 'news' to sell out to the suckers, but because these over-the-top predictions are also just usually good indicators of a trend change (i.e. Nasqaq 40,000)
37 posted on
03/31/2005 10:15:49 PM PST by
aynrandfreak
(If 9/11 didn't change you, you're a bad human being)
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