Archive for April, 2008
Heating Oil Prices: Demand Driven or Trader Driven?
Tuesday, April 8th, 2008I’ve been on Wall Street for such a long time that I think I’m pretty good at recognizing bubbles. The rapid rise in oil prices since the Fed began lowering rates in September smells, looks and feels like a bubble. Old Wall Street traders like to say that bottoms in market cycles are created when […]
