william the wie
Gold Member
- Nov 18, 2009
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This is the sequel to my old bear trap thread of five years ago.
The US is running out of places to store oil. When it does run out of storage the oil price will drop and a lot of companies such as Berkshire that have bet the farm on higher oil prices as far as the eye can see will crash.
The indices are at or near all time highs.
The rest of the developed world is in even bigger trouble but in a panic you sell what you can sell not what you want to sell. That in turn means a dumping of US stocks. This will create a huge buying opportunity.
comments?
The US is running out of places to store oil. When it does run out of storage the oil price will drop and a lot of companies such as Berkshire that have bet the farm on higher oil prices as far as the eye can see will crash.
The indices are at or near all time highs.
The rest of the developed world is in even bigger trouble but in a panic you sell what you can sell not what you want to sell. That in turn means a dumping of US stocks. This will create a huge buying opportunity.
comments?