Gas Prices Rise
In USA today there is a piece about the price of gas going up and here is what the so-called expert had to say:
“Some oil analysts say the worst for the climb in gasoline costs is probably over, provided oil costs don’t increase much more”.
How in the world would you make a trading decision from this analyst? Do you get in? Get out? How much do you buy or sell of gasoline if you are trading it? Does anyone really believe this analyst (or any analyst) can predict anything? Analyst comments like these were supposed to be dead and buried with the dot-com bubble.
