Statoil ASA (STO)

[alfaspider]

Correct from what your puts were put on?


Ben talks yesterday and the dollar holds strong because the rest of the world is weak. The dollar remains strong because there is no QE3.

If the Fed does more QE3 then stocks and metals rise because of inflation.

If the Fed does nothing then stocks and metals go down because of deflation. Metals have gone up from SPECULATION not fundamentals. Industrial demand for metals doesn't matter in this market.

Eventually it won't matter what the Fed does, investors will pull out their money and the market will deflate.

I sold my calls yesterday at $35.85 and I kept my puts, which are up ~$300 today =)