Pawel Kaczmarek

Crude Inventories: Largest Weekly Build Since March 2001

I think the market is becoming to bullish on China. This large build and no sell-off is proof.

Everyone says that this decrease in demand is thanks to the slow down in China to clean up the air before the Olympics. Did everyone forget that the rest of the world, including emerging markets like Russia, Brazil, and India, have NOT slowed down because of the Olympics? To add, China did not close down production country wide but only in Beijing and a few other small factory and port cities. Beijing is less than 2% (1.7% by my math in 2007) of China's GDP.

Rest of my thoughts are at here:alphaapprentice.blogsp...