CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: robert b furman who wrote (22272)	1/15/2016 10:05:37 AM
From: skinowski	Read Replies (1) of 41414

Have to go to a dental appointment (also no great fun)... Will get to this later. About USO - I think it's good for a relatively short term position, but for the longer term, it suffers from a downdraft. Check where it was in 2009, when the oil was at around the same price as now - and where it's now. Never looked into the mechanics, but I think this is related to the way front month futures rotate - meaning, the contango/backwardation interplay, as well as - possibly - other costs involved. Anyway, for the long term, it's a good short, at the right time - but not a long.

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