Bobby, American is right on this one, and just because "we are paranoids" it does not mean we are not being followed. There is no shortage in crude whatsoever, crude like most other commodities (including gold) is and has been in over supply. I alluded to that last October just before the elections, except I got it wrong, I thought it will not be sufficient to tip the election in favor of Bush, it did....That was one of the reasons, my "calls" around election day were off as well, the stale ae really threw a loop of "unexpected exogenous" effects in my "calculations" then. Of course, non of that had any major influence on the markets after that, that already written in "stone" as early as April 2000. I remember about writing in this thread about the current bear last April, I was wrong about that too, I had the bottom at 1900, and history and the market have proven me quite wrong.
Zeev |
