Time to Short OIL?
Man, it feels like oil has run to about where it should. Why isn’t there a fight to the downside? Too much money to be made on the upside? Are we going to see $140 again? I get the feel, a short of oil while it is in this $72 / barrel range could yield about 10% in a few weeks. However, my recent experience is making me a bit gun shy when it comes to fighting the momentum of the market, or a name. I dislike what high oil will do to the economy. Well, at least the folks in Dubai will have more cash to build more continents.
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