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Always do your own due diligence. We seek safe harbor.
In looking at the Commitment of Traders, which covers through last Tuesday, I was expecting to see speculator liquidation. Instead it was unchanged. That event is what probably marks the bottom.
I see this as an orchestrated event whereby the Cabalists steal energy assets cheap. Seems like only the 2nd inning on that operation. I’d look for a rout in the leveraged CDS market to signal later innings of the operation. And what a coinkydink, Basel III banking rules are being tightened Jan 1. What a perfect storm. http://winteractionables.com/?p=17202