I think the market has already factored oil in the 50s. But I don't think oil in the 60s is discounted in. Most pundits were calling for oil in the 40s this summer. I don't think we will see that.
Get your SPY shorts ready when oil hits 60.
Regards, frenchee
#board-4258TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
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