Options Wonderland

[samaelrocks]

Oil going to drop pretty big:

http://finance.yahoo.com/tech-ticker/article/40593/Oil-to-Hit-100-Good-for-Stocks-But-Economic-Damage-'Baked-In'?tickers=XLE,OIH,OIL,XOM,COP,CVX,SLB

This guy said the price of oil is due to speculators and not supply/demand. Who woulda thought? LOL!

In a nut shell though, the commodity traders are looking for a new place to put their money so the cash flow is thinning.

Good news for the market but the vid advises that the effects of the high oil prices are already "baked in" for the next 6 - 9 months. Next year should be good for the longs, IMO.