[Lord Nelson]

I agree with you. Even the biggest money can rarely make a market go in the opposite direction. Soros was public enemy # 1 for tanking the Malaysian currency. But he couldn’t have done so, if the small Asian economies weren’t over-valued to begin with. He saw that what was seen as capitalism was really only crony-ism in places like Malaysia, Thailand, ect … The currencies were bound to collapse. He just helped them along. This caused the PM of Malaysia to spew anti-American and anti-Jewish hatred. Which he continues to do. His right hand man criticized the PM for alienating the US and closing off their currency from the floating currency markets. That right hand man was accused of homosexuality and the kangaroo court of Malaysia (the same kind of court that caned the American years back) put him in prison. Sorry, I just can’t remember or spell their names at the moment.

The point is that you’d think a man branded an enemy of Islam would side with those who would protect him from the beast?

My real point though is that there are real fundamental reasons for oil to be priced this high. Whether its too high by $10 or so will eventually be worked out in the markets. Not all is well in Saudi Arabia, the largest oil reserves in the world.

When you were talking about the bull coming to an end, are you talking about oil or the markets?

[steve86]

When you were talking about the bull coming to an end, are you talking about oil or the markets?

I was talking about the stock market. Having never looked at cycles in the petro markets, not sure what form they take. I agree that even if all speculation was taken out of the oil market there are still fundamental reasons for the price to be high.