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I wouldn't be so quick to call a top here until the market sentiment changes. There is a sort of disbelief among the masses that oil prices are so high, but demand is still strong, and supply is flat. If oil prices were too high, you would be seeing a lot of demand destruction. A 2% decrease...

Trichet's comments were made in the morning, the dollar was weak all day, the crude oil spike happened with about an hour left in the crude oil pit trading session in the afternoon. Crude is up $4+ right now, that's all because of the dollar? Give me a break.

Even a die hard oil bull underestimates the strength of crude. I thought we had at least seen an intermediate term top at $135/barrel in late May but I think I'm wrong. The speed at which crude bounced off of the lows this week tells me that this thing is headed for a straight shot to new...

LMAO. Similar quality companies.... Looks like Fed has succeeded in keeping the center whole today. LEH in the green, futures up. PPT is sitting on the bid not letting things go lower, they want things higher. Don't fight the PPT!

Bernanke Brothers. LEH should be belly up already, Bernanke is out to save more investment banks with the help of the printing press. Devaluations R US. Watch for the PPT to come to the rescue today to make sure markets are "functional", ie they will be buying a ton of S&P futures to...

LOL. Sorry, getting in at $88 and staying long while it goes to $134 in less than 4 months is bad trading because oil was trading at $10/barrel 10 years ago and I wasn't smart enough to buy then. Thanks genius.

I've been a raging oil bull since it was in the 80s, read my past posts. Sorry, by your standards, not catching the exact low for entry is bad trading. I guess you are perfect and its too late to buy. That's what they said at $90, $100, $110, $120, $130....

What we are seeing now in commodities, especially in oil, is a reversion to true value. Modern civilization needs commodities to survive, it doesn't need Iphones or Blackberries. It doesn't need Vista or Quad core processors. It needs oil, corn, wheat, copper, etc. There is a very high price...

Don't worry, we'll be able to pay for the higher oil cost by handing out $660 Billion in tax rebates. :p

Its simple. Speculators make up a disproportionately high percentage of buyers of long dated futures. The nearby futures contracts are mostly held by the commercials. When speculators rush in, the lower liquidity of long dated futures pushes the prices further in the direction of their...

With the lead actor being Ben Bernanke. Supporting cast includes Hank, Bush, and Easy Al (as the old fogey acting like he's the wise old man). Director and producers are the investment banks, led by Goldman, Citigroup, and JP Morgan. The plot is simple. Print as much as money as possible...

It doesn't really matter to the rich, those most responsible for the stock market. I have said numerous times that higher oil is a net benefit to the market in the short term. From a humanistic standpoint, bailing out banks and devaluing the dollar only helps the rich, the poor are taking...

Inflation is getting out of control and this bookworm knows only one thing, that if the US printed a ton of money during the 1930s, there wouldn't have been a Great Depression. Now he's out to put his theories into practice, trying to prevent something that's not even close to happening...

Higher oil hardly affects tech, it does hurt retail stocks a bit. It helps energy stocks a lot. That's a net positive with the current S&P weightings. Energy is more important to this market than retail stocks. People forget that the vast majority of the money going into stocks is from the...

Unless the government has unlimited amounts of commodities to deliver they can't lower prices. Unless they drastically reduce the money supply, prices keep going up. Bernanke loves printing money, that will never happen and it would cause the economy to collapse. Unlike the stock market...

COMMODITIES Forget stocks, bonds, real estate. Those are all losers at these prices. Commodities were so undervalued for so long that even after a big move, they are still undervalued. The whole commodities bubble theme is why Wall Street analysis is useless. They will pump stocks forever...

Bernanke is spewing out more Treasuries in exchange for Wall Street toxic waste. Not much is being mentioned about this, but this man is singlehandedly trying to collapse the dollar and eliminate all debts through monetary inflation. The morons at the Hill are complicit, thinking giving...

Have you ever heard of USO? Don't even need to trade futures to take advantage of the upmove in crude. I would never short crude at these prices with these fundamentals. Fade me if you want, I dare you.

Even a commodities bull like me is very impressed by the resiliency of commodities, especially the king of them all, crude oil. Yesterday, after the dollar fell sharply against the euro, the commodities skeptics must have licked their chops to short all commodities, especially the most hated of...

The world is at its limits for natural resources with emerging markets developing and demanding more food and energy. The Chinese want the American lifestyle, and they want to drive cars and eat a lot of beef, chicken, and pork. Demand is still rising globally despite $116 crude. Until there...