where to now with crude

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Andy Xie of MS is calling for a crash. Some good arguements (and many terrible ones as well) but I think he's arrived at the party way too early. Here's the link.
 
Great article - thanks!

Even more interesting as he works at MS, whose oil trading room was highlighted recently as being in White Plains.

Keep in mind on China, that 35% of bank loans are non-performing, so, he may be right.

But for now, seems psychology is trumping reality.
 
Make no mistake, you can bet the ranch that this guy has ZERO communication with the traders in Purchase, as well as the traders in London, etc. A couple of them may skim his research from time to time but that's the extent of it. The same can be said for 99% of the banks that trade energy.
 
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