Replies to post #221 on PowerShares DB Crude Oil DXO (DXO)

[crazy horse 0]

World Recession and Demand is down

I feel the same as you. The Oil thing has IMO been way overdone. The Question, where is the bottom.

As posted in the I-Box there is risk for sure but I think you got in at the right price.

"DXO: Crude Oil Double Long ETN : What Does Exchange Traded Notes - "ETN" Mean?
A type of unsecured, unsubordinated debt security that was first issued by Barclays Bank PLC. This type of debt security differs from other types of bonds and notes because ETN returns are based upon the performance of a market index minus applicable fees, no period coupon payments are distributed and no principal protections exists."

[DrHarleyboy]

Wait until the January retail #'s and number of Bankruptcies, job losses come out...oil will be $25. Still waiting for $1.25 here.