Tom Rants

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Tom Rants Default Analyst slips up, calls oil market 'schizophrenic'

Analyst slips up, calls oil market 'schizophrenic'

Oil prices slip but stay above $54

Oil analyst Marshall Steeves at brokerage Refco Group Inc. in New York said “schizophrenic is a very good word” to describe the energy market’s psychology these days.

So, the key is to think like a schizophrenic. The secret to calling the oil market these days is to be completely counterintuitive counterrational. Whatever should happen in a market, expect the opposite. The market is just “shizophrenic” enough that this will only work about 90% of the time, but if you gain on 9 of 10 deals, you’re doing pretty well.

More on oil on my site Financial Options including The Secret Way to Play Oil.

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