Election Day is over, crude oil is up
- From: "Lubow" <lubow@xxxxxxxxxxxxxxxxxxx>
- Date: Tue, 4 Nov 2008 12:23:06 -0500
Didn't I tell youse guys that after Election Day, everything reverts back to where it was?
With due respects to our friend Aeronaut, if the crude market isn't rigged directly or indirectly there is no other way to explain Xmas crude breaking $70 today on its way to $80 before Washington's Birthday.
We know commodities aren't ramping up today because of the huge ramp-up of industrial orders. That's for sure.
This can be better explained by looking at exchange rates because nobody wants to support the sick USD.
Thank you, Presidents Bush and Cheney.
And a big thank you to my broker, Judy Crawford, for her analysis of crude, coffee and soy oil.