Must see video. Stephen Schork – oil "coming out the wazoo," – a repeat permformance of last year, high prices the justification for high prices, another mini bubble. – Ilene
OIL UP TO THE EYEBALLS
Courtesy of The Pragmatic Capitalist
If you can tell me where the price of oil is going in the next few weeks I’ll tell you where the S&P is going. Stephen Schork believes oil is heading to $85 if we settle over $75. Unfortunately, the fundamentals say the price of oil should be $50. Schork is short-term bullish, but long-term bearish.
