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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (366922)4/28/2008 8:43:04 PM
From: yard_man   of 436258
 
OTOH -- re the longer term chart there

this looks like ~ 2-sigma event

whereas -- last august was ~ 3-sigma event

if one had no cash in them -- probably not a bad risk-adjusted region to place a bet -- I think a repeat of August at this time would not be ~ 3 sigma -- I think it would be more like ~5-sigma event given the economic backdrop

but let's both watch and see how bloody wrong we can be given how bloody wrong we've been so far!!

Personally -- I'd love crude to get cut in half -- but I wouldn't bet .10 on it.
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