Seeking Alpha
Saturday, January 2 2010  |  04:27 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Friday, December 12, 2008
1:18 PM TweetThis
  • Crude may plunge to $10 a barrel, First Global's chief strategist Devina Mehra says, as waning demand becomes demand destruction. Says OPEC's influence is overrated. (video) Meanwhile Goldman's Arjun Murti, who not so long ago called for $200/barrel oil, now sees $45 in 2009.

This news story has 4 comments:

  •  
    haha $10 a barrel?? i love these extreme jackasses..so quick to jump these bandwagons and try to be the most extreme so they get headlines like the one that we are reading right now...its hogwash...if you're going to place your bets based on an analysts' view you're better off goin to vegas and letting it ride on black...
    2008 Dec 12 01:25 PM | Link | Reply
  •  
    Analyst workshop:

    take the last 3 months trend and extrapolate it forever!

    for that you get paid about 10 times the average GM worker's wages!
    2008 Dec 12 01:37 PM | Link | Reply
  •  
    $10/bbl? Oh that's rich... 40 cents a gallon gas?! Poor helicopter boy doesn't have enough printing presses to stem off that kind of deflation. I doubt it'll go much below $40 if at all.
    2008 Dec 12 02:07 PM | Link | Reply
  •  
    I like this:

    Analyst that picks oil trading at 200/bbl now says 45/bbl for '09. OMG, it's 45.02 as I write this!

    He's good!

    2008 Dec 12 02:24 PM | Link | Reply
Follow Market Currents on
Latest StockTalks
  • Peter Cooper: I give up trying to call the market
    29 minutes ago
  • MrBuzz: I am very interested in Blackstone Group right now. They are making some good moves. Steve S is almost as sharp as Pete P, almost ...hehe
    about 1 hour ago
  • Keith Schaefer: US oil demand in October was slightly less than estimated and down ~5% from a year ago as economic recovery remained uneven-US gov't
    about 3 hours ago
  • The EconomicJoker: I would not take seriously this holiday season jobs data which can be distorted by seasonal factors and poor reporting - Steven Hansen
    about 5 hours ago
More StockTalks »

From our sponsors: