“Oh, I see you’re trading oil too!”
Another bullshit day in markets, where by the time the sun comes up in New York,
the day is already over … only, nobody told you did they?
Oil hovers in the low 50’s, and the only reason we’re not in the 40’s is cuz potential
shorts are scared to death of Saudi Arabia, and their call last week to do “whatever
it takes” in terms of production cuts, to get oil to stabilize and then rise … and that
pretty much says it all. Outside of “oil inventories roulette” every Tuesday night
and Wednesday morning, this market has nothing to offer anybody at the moment,
either long or short … all you’re getting here is trouble.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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