06 May 2012

Oil Speculators? Oh, Puh-lease!!!


  • If speculators are such a bad thing then where is all the outrage about those speculators in the stock market?
  • Above chart shows the SP500 as the shaded area and the price of oil as a line.
  • I dunno but both of those markets sure seem to have the same trajectory to me!
  • And the only thing they have in common is a Federal Reserve with loose monetary conditions.
  • More on Peak Oil nonsense from a professional.


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