Oil is raging and the most bullish market in the whole universe right now, and Boone Pickens shorted at $99/100. He must be feeling the squeeze here. My goodness, oil at $107.60, yes, inflation is well anchored. I believe you Uncle Ben. Go back to cooking rice.
I made a thread awhile back, last chance to get in for under a hundred. But this is getting ridiculous, I thought after the South American war was resolved, oil would have been at 90 for sure. I'm just amazed at how powerful this thing is. One hurricane in the gulf of Mexico may end the world. Oil is going to a buck fifty IF said hurricane materializes.
welcome to the COMMODITY BUBBLE...... and please dont say that commodities arent in a bubble, I heard that real estate wasnt in 2005 and the internet stocks werent in 1999..... The COMMODITY BUBBLE IS HERE.....
Boone just tried to get a little too cute with the oil move, he predicted it to dip before blasting higher in the summer. He tried to get greedy by catching every little move in oil even though he was long term bullish and he's paying the price. Don't fight King Oil. Better than anything on the planet right now as far as investment.
Boone Pickens probably makes more in a day than many of the people here have dreamed of making in their lifetime. Weren't you saying the same thing about Warren Buffett too? I don't know why I am even replying here.