August 18, 2008
Let's see, decreasing demand in America, the end of fuel subsidies in China, and rapid global deflation* equals what? A decrease in the price of oil in the face of a Gulf Coast hurricane. I claim victory and my righteous place as economics seer of the year.
Unfortunately, such pronouncements not only have the contrarian effect of dooming me to any forseeable future success in these markets; but they also actually ruin any chances I ever had of claiming some sort of social life.
The upside is that I shorted a market that was at $145, and it ended at $112 today. Too bad the money I made will never be enough to fill the void that keeping up with this ridiculously volatile market left in my already depreciated character. Good Lord, I am such a loser. more...
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