Macke's Movers: Wrong on Crude?-Minyanville

Macke's Movers: Wrong on Crude?

Jeff Macke Jun 09, 2008 3:45 pm


		A bubble is a bubble is a bubble.

Hello from New York City where, and I may have mentioned this, it's sweltering. I know you aren't all on the Eastern Seaboard but it's virtually impossible not to note the weather if you live out here. If you were to wear a blindfold and be led into Times Square you couldn't distinguish between "Midtown" and "Big-Foot's armpit on a hot day."

It's not comfortable outside, is what I'm saying. Here's what I'm watching when I'm not watching Pete Najarian sweat (it's curiously hypnotic):

"You can try anything you want, as long as you have an exit plan." Words to live by as my long-side trade in the financials goes up in smoke.
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Got some e-mails yelling about my being "wrong on crude oil for the last 40-pts." Just in case there's any confusion in the 'Ville (as opposed to on the tee-vee): Making the observation that crude (and many commodities) is a bubble isn't the same as shouting "sell". I "grew-up" in Palo Alto in the mid 90's. I've seen bubbles. They look like the USO. You can trade 'em, you just can't live in them.
Which is another way of saying "you can try anything you want as long as you have an exit plan."


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06-09-2008, 3:03 pm
i believe that is the most profound statement i have ever seen Read More

Tim Garrett

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06-09-2008, 6:04 pm
"You can do anything you want as long as you have an exit plan." Words to trade by or if you are a CEO, words to remember. Read More


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