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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
courier eclair. forget belhassa
yeah, really these people deserve praise for not giving up for nearly 3 weeks until they achieved what they deserved. Respect.
buy the rumor sell the news
and regarding CL: sell the rumor buy the news
So think twice before shorting oil here and buying SPX.
This is not to say CL won't fall or SPX won't rise but do not take it as a given.
Regarding CL: Nothing is over until it is over. Second ouster of a "dictator" in Magreb region will most probably embolden other countries to follow suit. So CL short here is actually very risky.
Thats my 2 cents.
Have a nice weekend all.