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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)
Just kidding. Have a nice weekend all.
What you see for oil after this massive rally?I am short oil,whats your outlook for monday?
Only in the event where China does NOT raise rates (unlikely) that commodities will continue to push higher due to safehaven from Egypt.
At end of day, it would be difficult, to see stocks falling more than 5% without oil pulling back.
Also think about the repercussions to world economy. China and EM already raising ratesm which is hurting their stock markets. Dont you think that if energy prices extend higher that would become more inflationary, which would make FOMC/ECB/BoE more hawkish..and hence, hurt equities further?
Thats why i bought SDS on Wednesday. ETF that is ultra short the SP500
Adhraf
are you gonna short oil at below 90 as you suggested today? 10x