Tuesday 3 June 2014

Oil seeks its level

"Oil seeks its level,". "You can force it higher with a pump, but when you stop pumping it requires no force to cause it to return to its former level. Commodities are the same. They can be forced above their natural level of values to where lambs lose all fear, become charged with hope and buy at the top. Then stocks are permitted to sink to a level where hope gives way to despair and the most rampant bull becomes a bear and sells out at a loss

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