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Quadruple Witching Day Tomorrow...

Posted on June 19, 2008

Stocks are slightly positive today as oil staged a huge retreat as voices against high oil prices arise from all over the world. In fact, China's petroleum and diesel hike tomorrow would be expected to decrease worldwide oil demand dramatically, resulting in the big retreat we see today. Energy stocks were also hit today, otherwise we would have seen a bigger gain in the Dow. The fundamentals for high oil is quickly eroding all over the world since the day I posted my long anti-high-oil post. So, is this the start of a significant decline in oil price? Probably back down to $100? There are sti...

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crude , expiration , oil , oil price , options , petroleum