BrunoT

Analyst: Oil Prices Inflated by 50%

Keep in mind this is the same Mike Norman saying at various times that housing was fine, freddie and fannie were fine, financials were a great buy, the economy was booming, etc.

Even a blind squirrel sometimes finds an acorn. Oil has fallen some since this.

Why I'm Committed to the UltraShort Financials ETF

Yeah, much better to put on a smile and go down with the ship by going long on banks and silly consumer stocks like starbucks and the sharper image (oops, already gone).

Getting Out of Today's Bear Market

Tech stocks were not consumed.

Real Estate is not used up days within being purchased.

If oil is such a bubble, where are the huge stocks building up?

Obviously someone's buying it and using it at today's prices.

There are many complex factors at work, but world demand is rising fast and the dollar is dropping. Till those trends reverse I wouldn't look for anything but a temporary downward move in oil prices.