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Old 07-18-2008, 08:24 PM   #12 (permalink)
jbernie
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Join Date: Oct 2004
Location: Colorado, USA
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Re: Oil falls again: Is the bubble bursting?

Quote:
Originally Posted by BrickTamland View Post
As much as I like hearing this news, if someone in Iran cuts a loud fart, oil futures will take sudden, dramatic rise.
The sad thing is that is about all it takes these days. The market as a whole seems bent on over reaction.

If we see a steady (it can be dramatic too...really!) fall in oil prices for a month or so then it might be enough to get some of the speculators who really shouldn't be playing moving on to ********* up something else. It will probably need to get down to around $110 or less first to move people on.
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