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Light sweet crude....

Participants:

Posts: 8

searchwarrant

Legend

Joined: May, 2003

Posts: 71024

Posted: Jun. 29, 2012 - 2:40 PM ET #1

....Just when we had it on the ropes South of 80.00, it bounces hard for a 7.00 dollar gain.

Bargain hunters - hopefully it's dead cat.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Jun. 29, 2012 - 4:02 PM ET #2

Risk assets are on the move today..makes no sense to me.

cave0707

Veteran

Joined: Oct, 2009

Posts: 1521

Posted: Jun. 29, 2012 - 5:01 PM ET #3

Sh*t everything was on the move today. Even my broken down names were acting like internet heroes of the 90's. Mutual fund window dressing at play here? It is quarter end ...

searchwarrant

Legend

Joined: May, 2003

Posts: 71024

Posted: Jun. 29, 2012 - 7:09 PM ET #4

Quote Originally Posted by wallstreetcappers:

Risk assets are on the move today..makes no sense to me.

Exactly.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Jun. 29, 2012 - 9:18 PM ET #5

Ended up almost 20%

what a load of horse crap..

searchwarrant

Legend

Joined: May, 2003

Posts: 71024

Posted: Jun. 29, 2012 - 11:12 PM ET #6

Quote Originally Posted by wallstreetcappers:

Ended up almost 20%

what a load of horse crap..

We might agree Wall that Monday will be bone crushing on the longs,.I would extend that prediction for the entire week. We shall see.

JEFFMARKETCAP

Legend

Joined: Nov, 2002

Posts: 56322

Posted: Jun. 30, 2012 - 10:07 AM ET #7

I was gonna post about this too. I am so pissed off. Oil goes up 9% based on nothing. Fuckn crrooks

Rush51

Covers Rehab

Joined: Jan, 2005

Posts: 8856

Posted: Jun. 30, 2012 - 2:25 PM ET #8

Should be short-lived.. All this based on Europe.

How many times have we seen this play out and fail.

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