tag:blogger.com,1999:blog-2335748440449035592.post5210591809320431903..comments2008-06-23T12:30:40.769-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-91983593303910690042008-06-23T12:30:00.000-04:002008-06-23T12:30:00.000-04:00No I am not<BR/><BR/>My positions have nothing to do with that "for show" conference<BR/><BR/>Let me put it this way, if oil keeps racking it up and gets to $150+ the world economy will slowly be grinding to a halt. If one believes that is good for the stock market, one must work for CNBC. I am not short "oil" - I am short oil stocks... oil stocks still trade on exchanges. <BR/><BR/>So oil $150, $160, $200 whatever leads to worldwide economic crunch = stock markets imploding = we still win.<BR/><BR/>Something needs to break.<BR/><BR/>The higher it goes, the more vicious the reversal. The reality is oil has not been moving much the past 3-4 weeks - range bound here in the $130s.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-8376677619668202682008-06-23T12:14:00.000-04:002008-06-23T12:14:00.000-04:00The Saudi energy "conference" was worthless...nothing more than a sorry attempt to appease their Western customers who have been complaining to them. Now that that nonsense is over, are you rethinking your position on oil/commodity prices? Theres really nothing standing in the way of higher prices aside from an impotent Fed who is going to futilely attempt to talk down commodity prices by threatening to raise interest rates--even though we all know that thats an empty promise during an election year. Are you rethinking your sizeable positions in DUG/SMN?sdk_IVhttp://www.blogger.com/profile/06357215762477665878noreply@blogger.com