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Nothing would surprise me with markets anymore.

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maddog27 Member Profile
 
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maddog27   Wednesday, 04/20/16 04:29:49 PM
Re: risk on post# 126
Post # of 156 
Nothing would surprise me with markets anymore. I don't really buy into the notion that the Saudis want lower oil to push others out. Heck they just had to get a 10B loan to keep up. I do agree with you that they will pump as much as they can in the near future. They have to be realizing that oil will one day(decades) have no use in automobiles anymore. Then what do they do?

I added to my puts here once SPY started rolling over. We will see how that works out. Probably be some BS story in the next week that pushes oil into the 50's. That's been the pattern.

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