My latest Street.com column, "Falling Oil Sets Trap," is up at at the free site; It is loosely based upon two prior posts from last week:
Here’s an excerpt:
"Having mulled over a variety of possible outcomes with oil and its impact on
equity markets, I cannot shake one troubling scenario that I call the "oil
trap." It keeps coming up as I consider various crude price moves. What is so
dastardly about the trap is that it sets up both bulls and bears for heartache.
Unfortunately, I consider it a very high-possibility scenario.
As someone who has been bullish on oil since December 2003 — and mentioned a
$57 target here in
late-September 2004 — my expectations have been met, even exceeded. I am now
comfortable stating my expectations of an intermediate-term oil top between $57
and $59; Tuesday afternoon, crude was recently down $1.46 cents at $56 per
I expect the stock market’s response to a pullback from these levels to be
positive, but short-lived."
As of now, the intermediate top call we made in Oil last week (at $57) is looking pretty decent . . .
Falling Oil Sets Trap
RealMoney.com 3/23/2005 12:02 PM EST
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.