The winner of today's CLoD:
...“There’s $33 billion that’s net long WTI,” he says. “Now, if you’re long, I’m sorry for you, but this could make you feel comfortable. At least you have friends.”
Or that could make you scared, he adds. “I’m sure that will be a smooth exit when all those clowns try to get out of the Volkswagen,” he says....
-Zach Schreiber, CEO, PointState Capital LP
at the 2014 Ira Sohn Conference
Via the Wall Street Journal's MoneyBeat liveblog.
(1:37 pm)
Front month June's $99.58 up a dime.
We agree with Mr. Schreiber
