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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (8261)9/17/2007 2:08:48 PM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
Here's his case for $45 oil and why investors should be underweight the energy sector.

Wow!! If this is the case, then it sends a strong message that the USD is strongly oversold and will rebound significantly. As I understand it, it's common to short the USD and go long on energy..

When that carry trade (arbitrage) unwinds it's going to be interesting.

Hawk



To: Jon Koplik who wrote (8261)9/17/2007 5:10:09 PM
From: Beachside Bill  Read Replies (1) | Respond to of 33421
 
First of all, the dollar depreciated more the $45-$50 price in oil. Heck I don't have to add anything beyond that like supply and demand and subsidy to currencies.

The guy is an idiot.


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