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Thursday, March 17, 2011

Wow: Opportunities For Investors Who Take Advantage of Pullbacks

I see oil is back up to $100.

I see US stock market futures up nicely.

[Update, 8:20 EST, March 17, 2011: oil futures are up another $2.00 to $103.00.]

[Update, 14:30 EST, March 17, 2011: oil now up $3.40 to $101.40. Remember: much of the Bakken was shut down in January due to blizzards/weather. Producers might miss production targets, but that decrease should be balanced by higher prices paid for oil. It will be interesting to follow. US oil trusts in the Bakken might actually end up stretching out their "lives" due to decreased production in January. As long as the price of oil trends up, the longer the US oil trusts produce, the better.]

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