Investing Adventures

Wednesday, May 21, 2008

Oil Over $130…

Filed under: Alerts — Tags: — Jorge @ 5:07 am

How much longer can the markets continue to hold out with oil running as if it was being chased by a maniac?  Oil topped $130 this morning to $130.41 before pulling back a few cents.  My theory is something has to break.  It’s either going to be the price of crude or it’s going to be the markets.  While I’m not a permabull or permabear in any sense, my bet would be on the markets cracking sooner than crude.  We will never see gas under $3 / gallon again if you ask me.  Sigh…

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