Kudos to MMs

Quote from Maverick74:

Dave, we already have $20 oil. It's called natural gas. Well, 21.50 to be exact at current quoted prices. That's how much nat gas you need to produce the same amount of energy as oil. So why don't we switch over? You'll have to ask Barry. Something about an endangered frog...
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There was never an energy shortage in this country to begin with. What we have is a <b>portable energy shortage</b>, forcing us to import nine million barrels of foreign oil every single day. Until the day comes when our vehicles run on anything but gasoline, our money will continue to be sucked straight out of our pockets and into the hands of untrustworthy foreigners.
 
Quote from Rearden Metal:

There was never an energy shortage in this country to begin with. What we have is a <b>portable energy shortage</b>, forcing us to import nine million barrels of foreign oil every single day. Until the day comes when our vehicles run on anything but gasoline, our money will continue to be sucked straight out of our pockets and into the hands of untrustworthy foreigners.
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We don't have to import any oil. We have more oil under our soil then in Saudi Arabia. We're drilling it now but only a small fraction. BTW, even the oil we DO import, I think less then 10% actually comes from the middle east itself. The theory of middle eastern oil has been a boogey man for a long time in this country. We actually import a majority of our oil from Canada and Latin America. With a smaller fraction coming from Nigeria and Saudi Arabia.
 
Quote from nonlinear5:

The guess that "the next target is 1542" is just as good as the guess "the next target is 1687", considering that you hold (a losing position) for multiple months.
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No, the 1687 target was not "just as good", it was "Far better" as it has turned out!!!! Rock on with the endless buyers!!!!
 
Quote from marketsurfer:

no reaction. limited to slightly positive after announcement-- what do you think of this, nitro?

surf
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Have you ever seen a sand pile? One grain does nothing, another grain does nothing. Eventually, there is a grain that causes an avalanche.
 
Bernanke is fucking nuts man. No one knows what the fuck the guys is talking about. This market is no where near as crazy at late 2008, but it makes about as much sense to me as it did then.

Currencies are going wild too. Totally wild and emotional.
 
Quote from nitro:

Bernanke is fucking nuts man. No one knows what the fuck the guys is talking about. This market is no where near as crazy at late 2008, but it makes about as much sense to me as it did then.

Currencies are going wild too. Totally wild and emotional.
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"Fucking nuts" as you so kindly put it is staying on the wrong side of a trade to the point of financial ruin. As traders, our function is to work with what brings food to the table day in and day out rather than to intellectualize the macro structure of which we may disagree.

That crazy target of 1687 is soon to be reached.
 
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