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Does this add up?
Started:November 17th, 2011 (05:28 AM) by JustWondering Views / Replies:287 / 0
Last Reply:November 17th, 2011 (05:28 AM) Attachments:0

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Does this add up?

Old November 17th, 2011, 05:28 AM   #1 (permalink)
Trading Apprentice
Ottawa, Ontario, Canada
Futures Experience: Intermediate
Platform: IB, Ensign, SC
Favorite Futures: stocks
Posts: 7 since Nov 2010
Thanks: 18 given, 9 received

Does this add up?

Background as I understand things:

US has a 50/50 chance of going back into recession
Europe is a mess with little growth expected for at least a year or two
US oil inventories are up
US$ is rising
Oil is priced in dollars


Oil prices are rising

Am I missing something here?

I do not own or trade oil in any shape or form.

Just Wondering

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