CL Redux

[Speciaul_K]

Get your tinfoil hats

Quote from BPtrader:

I am sure it will go to $85 next week.

I heard US is preparing an air strike against Iran's nuclear facilities in the coming weeks. If the strike goes wrong (meaning Iran retaliates), we may see oil shooting above $100.

My diplomatic sources told me that Iran situation is "close to the combustion point." CNBC won't tell you this.

I have also noticed that major airlines are accumulating oil contracts at a faster speed.

Another source told me that the State Department is almost begging the Chinese to give the nod to a US air strike against Iranian nuclear facilities.

The whisper on Wall Street about the recent Fed overnight rate increase is considered as appeasement to the Chinese, whose cooperation is desperately needed by the US.

 

[BPtrader]

Quote from schizo:



"The whisper on Wall Street about the recent Fed overnight rate increase is considered as appeasement to the Chinese"

Ahem, I personally created a thread to justify this move.


The Real Reason Behind Fed Rate Hike
http://www.elitetrader.com/vb/showthread.php?threadid=191696

You were just guessing. I have solid source on Wall Street, I was relayed such a story by the source:

The night after the Fed raised the rate and caused the mini-collapse, a very angry Senator, who has strong ties to Wall Street and once exempted AIG from the pay compensation restrictions, placed a call to Bernanke's home. The conversation somehow ran like this:

Senator: Chairman Bernanke, what the f___ do you think you were doing this afternoon? Raising rate for no reason? Are you crazy? You want to destroy the economy?

Bernanke: Senator, I have a reason. I had to raise the rate, I was ordered to raise it.

Senator: Who ordered you to raise the rate?

Bernanke: The President.

Senator: The President of what?

Bernanke: The White House gave me the order. They told me the Chinese were angry and were threatening to sell US treasuries. To make them happy, we had to raise the rate. We expect the move will add a few billion dollars of value to their trillion dollar US dollar reserve.

Senator: Well, you'd better come to Congress and explain that to my colleagues. My Wall Street friends are not happy, they lost a bunch.

So Bernanke came to Congress and testified that the Fed would continue to keep the interest rate low. Wall Street gave a sigh of relief and rallied.

 

[schizo]

LOL what's Wall Street got to worry about? All these plunderers need to do is buy credit default swaps on U.S.A, no?

 

[schizo]

Quote from schizo:

adding to existing short 79.61

SL 80.55

Sorry, the stop should read 80.65.

 

[heech]

Quote from Speciaul_K:

Get your tinfoil hats

I suspected, but I wasn't sure before.

Now I'm pretty positive a certain someone is trolling us.

 

[schizo]

Now you're spooking me out.

 

[schizo]

I believe both oil and equity markets just nailed the afternoon high. Either we aimlessly meander at this lofty level or plunge outright from here IMHO. Good luck, fella shorties.

 

[spd]

Quote from BPtrader:

You were just guessing. I have solid source on Wall Street

He formed a hypothesis.
No you dont.
You suck at trading.
You suck at trolling.
And Im fairly certain you rarely get laid.

 

[EON Kid]

Quote from schizo:

I believe both oil and equity markets just nailed the afternoon high. Either we aimlessly meander at this lofty level or plunge outright from here IMHO. Good luck, fella shorties.

We are going higher next week $82 imo


Have a good weekend all

 

[schizo]

Alright folks, I know that not all of us get along but you all need to chill out. I need not remind you that flaming is forbidden as it was explicitly stated at the outset of this thread. I suggest you channel your energy on discussing about the market and post some charts as well.