Monday, December 15, 2008

What a Difference Seven Months Makes

We all remember back in May when Goldman Sachs (GS) issued a report predicting that oil's "super spike" would likely send the commodity to $200 "over the next 6-24 months."

FToil050708

Seven months later, Goldman is now advising clients that "oil prices will fall to $30 a barrel in the next three months."

FToil121508

If the call for $30 oil is as accurate as the call for $200 oil, investors may want to fill up their gas tanks and lock in their heating oil prices asap.

Oil121508

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.