Well, what a fun week.
Since I am on a self-imposed moratorium, the only VIX I can mention is the bikini to the left, I would just highlight that if she was a Fear Gauge, she now would reside in overbought territory based on her 10 Day SMA. If you think this week is a blip in the uptrend, that’s a short term buy signal. If you feel the last couple month’s were just a pause in the overall bear market, than disregard.
Regression to the mean, or at least regression to the June Future? It is now a moving target and still 3.5 points north of here.
But enough about options. What about oil? Why is no one on TV talking about America’s Oil Crisis? I want answers. I don’t care where it goes from here, what am I, a trader or something. I want to find out who to blame.
Anyway, enjoy the holiday weekend. And remember, as you fill up that tank to sit in beach traffic, or go to the market for some food to barbeque, just be thankful we have no inflation.
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I wish they would talk more about America’s oil crisis on CNBC as well.
Who’s asleep at the headline wheel over there?
yeah, very undercovered story. That and the Million Dollar Challenge, lmao.
Oh yeah… I vaguely remember them mentioning that. I believe, according to the Ratigan, it is a risk-free way to make a half a million dollars.
Sign me up. Sign me up 50 times with several siri, rad, cpst portfolio iterations.
The real question is, where can a young man buy an “America’s Oil Crisis” poster for his room. CNBC, consistent with their rigorous news reporting practices, ought to be selling those.
I blame the Arab street for selling us this “horrible” oil in the first place. Its just like those dirty evil mortgage brokers giving people loans, how dare they.
On another note, why do people look at me like I am slamming heroin when I even mention something good about oil, like I am some sort of pedophile I tell you. I am just about to fucking burn barrels of oil in my back yard just to piss people off.
I like that idea, American Oil Crisis t-shirts.
I still say it’s Canada’s fault.
lol NOW CNBC is talking about parabolic oil prices and oil crashing.. that means you’re fucked and oil is going to gap down like crazy on Tuesday, and it’s going to be too late to get in fuckers.
yeah, it does have that “magazine cover top” feel. But same comment i had just now below, 90% of the guests are serial top callers. As Howard Lindzon said recently, the best way to call a top is keep calling it. You’re right though, it’s going to just leave the station before everyone gets in.
Of course it’s Canada’s fault! That and the fact that you put Bush into office twice! About the same rationalization there … you all seem to love to drive your Hummers to the mall 6 times a day. Wait till oil hits $140 and then you can really whine.
I may drive my Hummer to the mall 6 times a day, but you can’t blame Bush on me.