You of all people should not be announcing people are "fools" in this regard. Your UWTI trades are easily the worst posted trades on this site this year. You basically misread the Oil market to the extreme. No one is calling Dow 7500 because earnings don't justify it. The P/E on that would be ridiculously low. But you don't do research, do you ? It's all emotionally based conspiracy theories, bubble talk, and calling investors and central banks "fools".
And you are wrong on Oil, plenty of analysts said the Oil price was going to collapse because of oversupply. They didn't call a top, which is a fools game. But much earlier this year, many analysts forecast as low as $30-$40 Oil, and one I heard said it could hit low $20's ( the marginal cost to Oil suppliers desperate to unload inventory ).
nine ender do you ever listen to pink floyd? I rather like them.
The lunatic is on the grass.
The lunatic is on chapley grass.
Remembering oil sands and RIMM and all their plans.
Got to keep the loonie on the path.
The lunatic is in the hall.
The lunatic is in Danforth hall.
The paper holds their folded faces to the floor
And every day the Globe brings more.
And if the dam breaks open many years too soon
And if there is no room upon Forest hill
And if your head explodes with dark forebodings too
I'll see you on the dark side of the moon.
The lunatic is in your head.
The lunatic is in your head
You raise the blade, you make the change
You re-arrange him 'til he's sane.
You lock the door
And throw away the key
There's someone in your head but its not me.
