Interdum stultus opportuna loquitur...

Wednesday, August 17, 2005

SleeplessRant II: Oil's Dropping TOO Fast...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

Those who like a punt should consider whether oil's fall is likely to generate a decent bounce. It's traded $64 just now, and is oversold to buggery. For the nerves-of-steel types... it's not going to be a brilliant bounce, but it ought to be exciting...