New Column up at Real Money (03/23/05)

Wednesday, March 23, 2005 | 04:24 PM
in Media

Tscm

.
My latest Street.com column, "Falling Oil Sets Trap," is up at at the free site; It is loosely based upon two prior posts from last week: 

Spring Forward, or Fall Back?

Oil Top Sets up Next (Last?) Market Leg Up

Here's an excerpt:

"Having mulled over a variety of possible outcomes with oil and its impact on equity markets, I cannot shake one troubling scenario that I call the "oil trap." It keeps coming up as I consider various crude price moves. What is so dastardly about the trap is that it sets up both bulls and bears for heartache.

Unfortunately, I consider it a very high-possibility scenario.

As someone who has been bullish on oil since December 2003 -- and mentioned a $57 target here in late-September 2004 -- my expectations have been met, even exceeded. I am now comfortable stating my expectations of an intermediate-term oil top between $57 and $59; Tuesday afternoon, crude was recently down $1.46 cents at $56 per barrel.

I expect the stock market's response to a pullback from these levels to be positive, but short-lived."

As of now, the intermediate top call we made in Oil last week (at $57) is looking pretty decent . . .


>

Source:
Falling Oil Sets Trap
Barry Ritholtz
RealMoney.com 3/23/2005 12:02 PM EST
http://www.thestreet.com/_rms/comment/barryritholtz/10214526.html

Wednesday, March 23, 2005 | 04:24 PM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8350f101d53ef

Listed below are links to weblogs that reference New Column up at Real Money (03/23/05):

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner