The top 100 stock
market authors
selected for publication in the last week
market authors
selected for publication in the last week
You are currently following Greg Pinelli
Stop FollowingYou are no longer following Greg Pinelli
-
131
)
-
One f the few worthwhile articles I've read on Alpha...shorting the index with DUG makes far more sense than shorting oil...the nasty little delusion being held close to those who can't or won't study oil/gas markets in depth is that there is little speculative over hang and very tight supply..now and in the future. IF supply were plentiful..and demand moderated the longs would get killed. But its not..and demand destruction is still in the future.
Jun 27 10:31 am
|Rating:
0
0
All Comments by Greg Pinelli »Is the Oil Index Set to Fall? [View article]
DUG is NOT a bet against oil..it is a bet against oil/gas related companies. Oil could stay precisely where it is and the markets could get hammered by continued WORLDWIDE subprime related issues and these companies would fall with the markets. Anyone looking at a chart right side up can see IYE is extremely overdue for a severe correction.
As for corn?? Maybe bm1087 hasn't heard of the Midwest floods...immature corn fields? Uncertainty relating to corn survival rate?? It's in the news..you should try it sometime.