Oil Crashes

Saturday, October 10, 2009

Who could imagine just a few months ago that oil futures could trade at 36 dollars a barrel? Pretty amazing. In the financial markets the old and bold traders tell you all the time to expect the inexpectable. Planning for extreme scenarios is absolutely necessary for survival in the markets these days.

We are witnessing an OIL CRASH.

As Jim Rogers says "Buy Panic and Sell Hysteria". Its probably a good time to add a few barrels to your portfolio and forget about them. You will surely be in the money for the long run. For the short term traders, the bear side is still the right way to play this market but be careful because a huge reversal might be just around the corner.

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