Originally Posted by
Lowslung
All of that is really difficult to condense into a catchy soundbite though, so we end up with a bunch of Americans who are too lazy to read anything thinking that it’ll all get worked out in a couple weeks. Markets are not factoring real world events folks. We’re in for a tough next few years IMO. Hope I’m wrong.
So, should I be buying oil futures on the CME? The Mar 27 CL contract (CLH27) can be had for $74. Back up the dump truck....it's like taking candy from a baby especially if this is only gonna get worse and take years to recover. What fools those commodity traders are!