If Oil Gets Smacked Down, Equities Will Run

Quote from Sky123987:

I do recall you stated in a post sometime again how you think people are morons who are talking about betting on how the market / commodies will do, and mention it's a fools game.

You sure do a lot of speculating.
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And that's pretty much all he does.
 
Quote from empee:

i disagree, when oil breaks the market will also sell off. All the earnings growth is by the oil companies and no one is positioned for this.
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>> empee I look and look and so seldom find someone on point. You are absolutely correct!~ stoney
 
Just like I sad (Ivan!!).

Oil broke, and equities are running.

And oil broke on a bullish inventory report.

BSDs are selling oil on the bullish news.
 
Quote from Ivanovich:

It would seem you made the right call. Well done, mate.
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Some say it is skill. But it was luck.

On a serious note, I do think the reason oil is selling off is because the supposed bullish inventory report really wasn't - Bloomberg is reporting the drop in inventories is because of delays in unloading gulf ship crude.

So, either way, it's ultimately very bearish for CL.

I'm very relieved to see crude oil breaking down. This is exactly what the equity markets needed.
 
Quote from ByLoSellHi:

Just like I sad (Ivan!!).

Oil broke, and equities are running.

And oil broke on a bullish inventory report.

BSDs are selling oil on the bullish news.
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I do like oil settling down after a very bullish report, however Im not buying it that the oil drop will continue, we got that surprise jump in oil yesterday morning, I believe this could happen again, I think oil could make another run to new highs where I would be placing even more shorts. The market is now trading the opposite of oil, which is finally a good thing.

Even though the markets running higher today I added on some new inverse positions.
 
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