Remember these guys from the summer? Did not speculation have a role in seeing oil drop to today’s below $50 price tag? We live in some crazy times these days. Government owns banking and whack jobs want to end the market process. What next?
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Michael Covel is an author, director and entrepreneur who founded the internationally known website TurtleTrader® in 1996. Covel's first book was the bestselling "Trend Following" (FT Press, Apr. 04, Nov. 05, Feb. 07 & Feb. 09). His second book "The Complete TurtleTrader" (HarperCollins, Oct. 2007 & Feb. 09) is the definitive inside look at legendary trader Richard Dennis and his student traders "The Turtles". In 2009 Covel released "Broke: The New American Dream" a film documentary investigating the 2007-2009 market crisis and crash. Not afraid of a crowd or controversy, Covel is known for engaging and provocative speeches presented to audiences in Tokyo, Paris, Macau (China), Vienna (Austria), Hong Kong, Dallas, Miami and São Paulo (Brazil). He has been quoted and interviewed by likes of The Wall Street Journal, Barrons, New York Post, Globe and Mail and Bloomberg.
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December 2nd, 2008 at 8:53 am
It’s kind of annoying and just mere ignorance why the government is screaming about the fact that speculators are driving down oil prices. I guess they love speculators now.
December 2nd, 2008 at 5:25 pm
Its not just the government, it’s the people who elect the government. They are just as bad! They are demanding the nonsense.