Oil Up 99% in 75 Trading Days

Oil has rallied more over the last 75 trading days than it did at any time during its entire bubble run from 2001-2008. In fact, its current rally of 99% since the February 12th low is nearly double the highest 75-day rally during the last oil bull (From December 2001 to April 2002, oil rallied 55% over 75-days.) Oil has also gone from $33.75 to $67.75 in just 75 trading days. During the 2001-2008 oil bubble, it took 409 trading days to complete the same task from January 2004 to August 2005.

While many investors are arguing that oil's rally is a good sign for the global economy and equity markets, let's hope it doesn't keep up the pace, or else we'll be right back to $150 in no time.

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Comments

[RiskReturnO...:]

Long XLE, hedged with short USO maybe the best strategy for more risk-reward oriented investors. The price appreciation has been too fast for crude oil, while XLE has been a steady grower. As long as crude stays above $55, XLE can still play some catch-up (to get to long term average valuation of oil stocks vs. crude oil).

Jun 02 01:37 PM

[dcb:]

it is cetin again, what do you expect.


On Jun 02 07:14 PM Freya wrote:

> bleet, what relevance has your comment?

Jun 02 10:28 PM

[Vienna:]

I think the troll is using several names.

Cetin - NED is among us

On Jun 03 01:13 AM foood wrote:

>
> if your want to inhibit the new world order I implore people to SAVE
> MORE . the only way to
>
> starve the new world order is top sto spending. MAKE THE ECONOMY
> SHRINK SINCE consumer
>
> spending is 70% of the economy.
>
> Goldman Sachs and bank of America
>
> good articles fly2.ws/9SdkpLU

Jun 03 01:51 AM