Worst than 08/09
Oil down another buck and likely going further tomorrow. Hedge funds are getting so predictable. Sell big after the weekend and let the price stabize during the later days of a week.
Here we go again: goind down another 4 - 5 dollars on Mon/Tuesday.
end result - worst than 08/09 - at least then, it was all about turning the economy around. this time, its all about killing the North American industry. Pd going to drop furthre but no dead here as we've lived through challenging times in 08/09 and came out wiht a SP over $10 (Ok, eventually).