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Daily Oil Market Summary: 11.10.2010
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I've got Jan 11 DBO calls holding for a nice run up. Looks like a buck fifty in oil pushes up DBO 50 cents. Nice! Also noticed (and with Barron's) junk bonds coming down. Bubble may have been pricked - too early to tell, but looks like a nice trend. In HYG for that bet. The real story is oil and other commodities. Trying to find a good CRE short.
Relax, oil price is tightly controlled for the sake of housing.
Good final post to read before I drive 50 miles home to Bill Grossland in a SUV that gets ~14mpg. Im stopping at a bar, f it.
It was just a matter of time before oil broke above resistance. So, $4.00 bread and $4.00 gas is supposed to spark the consumer to spend and inflate the economy. What are these inmates thinking.
This is financial idiocy to the extreme.
Long DIG
Oil and gold are both up ~ 18% since Sept 1.
I'm glad we have a strong dollar policy.
EURO daily chart bearish warnings continue.
US Dollar daily chart bullish warnings continue.
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