Zeev's Turnips Patch-No Politics (ZEEV)

[ogm]

Yes, I agree. All this talk about refining capacity driving oil is BS. I think oil is more affected by the concerns over peak in production, relative to future demands. However at some point soon it should if not fall, then at least stabilize. Then again it may go parabolic.
If everything else in this market goes parabolic, including dotcoms, housing, teen retailers, why not oil ?
I wouldn't bet on it, but I wouldn't be surprized either.

If this break in stocks is for real, I think bounces will be weak, and down move will be faster then anyone expects. Market theoreticaly has to scam the most people out of the money. and this seems like a perfect opportunity to do it. Most bears are out, most bulls are complacent.