more market madness…

so… the price of oil is now at… $67 USD.

Down from what…? $150 a few months ago? Huh? Isn’t the market meant to be the perfect arbiter of price?

Imagine if you had shorted oil. You just made a ton of cash. Why? umm….Im pretty sure the market is not meant to work that way. We live in odd times…

more market madness…

3 thoughts on “more market madness…

  1. I don’t think these times are anything special in terms of the markets getting it wrong. As Soros once said, “The markets are always wrong.” For all the technical analysis that goes on, really at the end of the day many people trade based on their emotions.

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