I found it interesting that CAO went bankrupt shorting the price of oil. It makes sense given they went bankrupt near the top but I had thought they just levered up too much and got burned by recent volatility or had a trader putting bad trades in the drawer. Apparently they did not receive the memo that commodities are in a multi-year bull market and bet the wrong way as a firm.
This news makes it more likely to me that oil has put in a 6 month top.
hey man.
ReplyDeleteliked your blog.
I am a trader also, in an emerging market.
care to talk to me about the market??
me: casiusluxus.
lookingforall.blogspot.com
just started bloggin´
check u later.
Appreciate the comment. I will check it out.
ReplyDelete