"History is a wonderful thing, if only it was true"
-Tolstoy

Thursday, September 07, 2006

Pontification

Well, to blow my own horn, been right so far

Looney Dunes: Oil - right

Oil headed down.
First pontification was Aug 7th with interday high of $79.67, closed today $69.32.

So if I'm so damn smart, what next?
I'll go out on a limb and say ... lower, likely lower by Nov 6th.
Gasoline will, of course, be lower too.

I wouldn't be suprised to see something under $65

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