John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (7326)	4/18/2006 9:27:16 AM
From: robert b furman	Read Replies (1) of 33421

Hi Jon, Sounds like a set up for the nimble hedges to fleece the newer positional traders. They call it backwardation. when things get topped off and the offloading platforms are backed up out in the gulf - I've no doubt that future prices will collapse. Yesterdays significant pop leaves me to think that may just happen sooner than later. @.75 -3.00 dollar gas will create demand destruction and that met with new ethanol supply coming onstream will collapse the house of cards quickly. It appears there is now enough money at risk,that the weight of its own being will cause the collapse. Lets hope it rolls into equities as Real Estate seems to be cooling. Bob

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