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It took the market exactly ONE trading day to catch on to our contrarian minded (and thoughtful) opinion of Europe’s bailout plan – that is, that the plan is a complete joke, and is nothing more than merely kicking the can down the road. Stocks and oil both dropped today after starting the day up […]
Fellow contrarians know that we’ve been watching the crude oil market for a sign of where this rally may be heading. Right now, crude looks absolutely gassed. It dropped below it’s 200 day moving average last week (yes, the 200-day MA that we love to watch) – and has just managed to bounce up a […]
Crude oil expert Philip Verleger, who correctly predicted oil would hit $100 back in 2007, is now forecasting $20…this year! Verleger says that supply is outpacing demand by 1 million barrels a day – and with the global economy not really improving, a warm winter could prove to be “devastating” for oil prices. This jives […]
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