Friday, August 1, 2008

Shorting Oil

The time may begin for shorting oil. I don't know if there was a bubble or if there still is. I haven't done enough research to know, but from what I have gathered. Oil is faltering.

This means two things. Airline stocks should be seeing a recovery and ETF for shorting oil should be popping up. Both these things have happened. The question is for how much return is there?

http://finance.google.com/finance


1 comment:

Taige said...

too bad I didn't actually buy the short oil ETF cuz my $ was tied up and I already bought airline so I didn't want to heighten the risk by buying correlated equities.

but I was pretty spot on with the prediction. but now i have to wonder if it was just lucky or my intellect.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a27YBmsqz_3g&refer=news