The Ignorant Investor
Ignorance Can't Stand in the Way of My OpinionThursday, May 22, 2008
Is Oil in a Bubble?
I'm as ignorant about the oil market as I am about the capital markets, but when headlines like this start cropping up about any investment or commodity I start wondering if we haven't reached the point of turnaround: "No end in sight for oil price increases"
When everyone is talking about prices never going down is generally the time when prices start dropping. We saw this with stocks in 2001, houses in 2007. We're seeing massive investment by hedge funds and other speculators in oil now. I'm not adding this to the blog as any kind of prediction, but I figure it's worth recording as a data point in oil's climb upward.
When everyone is talking about prices never going down is generally the time when prices start dropping. We saw this with stocks in 2001, houses in 2007. We're seeing massive investment by hedge funds and other speculators in oil now. I'm not adding this to the blog as any kind of prediction, but I figure it's worth recording as a data point in oil's climb upward.
posted by Worker 17 # 10:20 AM 
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