Stone cold proven...Speculation Proven ? When GS and MS shifted to banks....the margin levels were dropped....and positions liquidated.... And just look Merry Christmas.... Oil going to $50 by December..... .................................................................... And do note that it was GS and MS....and even the Energy Sec saying it was solely Demand Supply....... ................................................................ Let there be a lesson learned about leverage and position size.... And what speculation really is.....and demand supply really is.... And do note who was doing the guarding.....GS...MS..... Time to clean the house.....starting to smell....
Why is this thread rated 1 star? Seems pretty spot on to me. Crude just broke 60 on the downside...probably headed to 50 w/in a week or so. WTF?