Oil Just Made Intermediate term Top at 124.61

[Port1385]

Guaranteed that oil topped yesterday, and will not see that level for many, many years. I'm heavily short, and I know that oil will be negative this year. The current s&p price is 124.00 (SPOT)

Look out below!

 

[LT701]

oops!

still going up

if this isnt hyperinflation

what is?

 

[IanMacQuaide]

Quote from LT701:

oops!

still going up

if this isnt hyperinflation

what is?

LT, I fear the "H" word myself.

 

[The Kin]

3% CPI is hyperinflation?

 

[LT701]

Quote from The Kin:

3% CPI is hyperinflation?

to say we have 3% inflation annually, is to be 100% out of touch with reality

we are rising at a rate of about 200% annually with oil and gas

and if you think that doesnt ripple through the economy, you're nuts

 

[The Kin]

Dude, it's called sarcasm.

 

[LT701]

Quote from The Kin:

Dude, it's called sarcasm.

sorry, the whole thing kind of has me flipped out

people on here can beat their chests about how 'this doesnt affect me, i can trade anything', but there's no getting around, this is really, really bad for this country