Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: yard_man who wrote (62317)	1/19/2007 12:53:19 PM
From: jimmg	Read Replies (1) of 116555

you should ask why energy prices trend lower for the next year -- it isn't jus because we've had a warm winter. it's because every hedge fund and speculator in the world is/was long energy. It's the least shorted sector in the entire stock market. Specs are now getting hosed and exiting the positions. Do you think global oil consumption will decline this year vs. last? I don't. I'm a longer term bear big time but I think bears lose a lot of credibility when they refuse to acknowledge real time facts and attempt to spin everything as negative.

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