Some of the people in this video make me somewhat angry.
If demand couldn't push it up, then why don't you short the futures and make yourself some money? I don't get it. If these people understand what is happening, then take advantage of it. Sheeesh.
I agree I kind of hated the dude with the large, clean-shaven neck.
He was like, look, demand was decreasing and supplies were increasing, so the price should have been going down. He sounds like a bad trader... or at least a trader who can't get away from his thesis.
barry bitch smacks the piece pretty well here-
ReplyDeletehttp://www.ritholtz.com/blog/2009/01/oil-speculation/
Some of the people in this video make me somewhat angry.
ReplyDeleteIf demand couldn't push it up, then why don't you short the futures and make yourself some money? I don't get it. If these people understand what is happening, then take advantage of it. Sheeesh.
R,
ReplyDeleteI agree I kind of hated the dude with the large, clean-shaven neck.
He was like, look, demand was decreasing and supplies were increasing, so the price should have been going down. He sounds like a bad trader... or at least a trader who can't get away from his thesis.
-DT
hmmm, sounds like what happened to stock prices. better start cracking down.
ReplyDelete