Must see video. Stephen Schork – oil "coming out the wazoo," – a repeat permformance of last year, high prices the justification for high prices, another mini bubble. – Ilene
Courtesy of The Pragmatic Capitalist
If you can tell me where the price of oil is going in the next few weeks I’ll tell you where the S&P is going. Stephen Schork believes oil is heading to $85 if we settle over $75. Unfortunately, the fundamentals say the price of oil should be $50. Schork is short-term bullish, but long-term bearish.