Nothing justifies the parabolic move of crude other than pure speculation!
Now.. the major investment banks have been absolutely crushed ..some demolished and more are headed that way as a result of subprime meltdown!
The only thing to keep them alive is market manipulation!
Example.. Goldman sachs loads up on oil futures.. has one of the analysts call for crude 150 .. when it was 120 ... and there it goes.. they sell at higher prices and bank!
Notice anytime crude is coming down below 130 some other investment banks analysts calls for higher crude prices..
They load up via either long positions or short positions on any derivitive and make the call!
They lost billions and they plan on making it back and don't really care much for how much of a damage it does to the economy as long as they are on the right side of the move!
Now.. the major investment banks have been absolutely crushed ..some demolished and more are headed that way as a result of subprime meltdown!
The only thing to keep them alive is market manipulation!
Example.. Goldman sachs loads up on oil futures.. has one of the analysts call for crude 150 .. when it was 120 ... and there it goes.. they sell at higher prices and bank!
Notice anytime crude is coming down below 130 some other investment banks analysts calls for higher crude prices..
They load up via either long positions or short positions on any derivitive and make the call!
They lost billions and they plan on making it back and don't really care much for how much of a damage it does to the economy as long as they are on the right side of the move!
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