Food for thought.... Most financial analysts are preaching to buy emerging markets as these markets continue to slide lower.....
Assuming population growth and emerging market growth, I'm inclined to buy, buy, buy OIL......
GREED will drive OIL much higher and assuming China takes advantage of the lower price, my guess is the likes of JPM, MS, Barclays will also take advantage of these lower prices and begin to load up on storage.....
IMHO, inventories will soon reflect the slide in rig counts in the last 4 months....Takes 3-4 months to be justified.....
Be calm and patience will pay off.....The panic drop of Friday oil trade and this mornings oil trade is a clear message that electronic trading is creating additional panic and triggering margin calls......