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Tuesday, May 06, 2008



Will it ever stop going up? Its getting to the point of being silly in here. But then again the market can remain silly far longer than i can remain solvent! I am just surprised that the overall market continues to handle this so well.

2 comments:

Anonymous said...

joe
this is dreiser139
i know u r short oil but to those of us who are long what a wonderful ride.
reminds me of the techs circa 99-2000.
however this may be even stronger ride because of supply demand equation.
however i agree that there will be a fall in prices but when and how far anyones guess.
right now only storage pipeline mlp i like is mwe.prefer the
e&p got to love atn and dmlp and the canroy bte long all the above
good investing

joewxman said...

hey dreiser.

Just to be clear..when i say i'm short oil...i'm doing it right now for a short term trade only.

The mlp tape certainly has a more bullish feel to it lately. But the oil trade is just really getting out of hand at this point. Something is going to trigger a big hard sell off. But you are right..when is the big question.