Friday, October 10, 2008

Everybody Is Just Waiting For A Bottom

Some very bearish oil price predictions from oil bulls this morning. I believe I heard $20 or $30??? We all know how things overshoot on the upside and downside so I am completely in that camp. If that scenario does unfold and I think it will, you may want to rip up that buy ticket on RIG.

Here is a snippet from my favorite bear, Nouriel Roubini.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.