Tuesday, July 31, 2007

An Oil Trader Speaks Truth

The WSJ's Energy Roundup had an interesting comment from an oil trader:

There is something very strong holding this market up, it’s giving very little back,” said Tony Rosado at IAG Energy Brokers in Fort Lauderdale, Fla. Rosado said a lot of traders are baffled at the strength of crude’s move higher and how little it was dipping on down days lately.

No spin, no made up reasons, that guy's a pro, I'd hire him just on the basis of that observation.

In the meantime I'm on the sidelines, just watching.
Maybe we should do an ad.
"Here at Voyeur Management we believe..."
You know how they sound.
If not, here's First Citiwide Change Bank.