>> I HATE PICKING BOTTOMS OR
TOPS BECAUSE YOU GET YOURSELF IN
TROUBLE.
BUT TODAY WAS TOO IRRESISTIBLE
BECAUSE THE SETUP WAS TOO GOOD
WE BROUGHT CRUDE, I'M SURE
NATURAL GAS, WE BOUGHT
EVERYTHING TODAY
AGAIN, TYPICALLY YOU GO BROKE
BUYING BOTTOMS AND TRYING TO
PICK A BOTTOM, BUT TODAY THE
SETUP
SETUP WAS TOO GOOD FOR US.
>> FOR THOSE WATCHING US AND
EVEN WHETHER THEY'RE MORE
EXPERIENCED OR MORE NOVICE
INVESTORS, WHAT DOES THE SETUP
LOOK LIKE THAT DKEYED YOU INTO
TODAY BEING THE DAY?
>> AGAIN, USUALLY WHEN I'M RIGHT
I'M USUALLY EARLY AND USUALLY
REALLY RIGHT OR REALLY WRONG
AGAIN, I ALWAYS SAY THIS,
PROBABLY GOING TO COME ON
TEMPERATURE AND LOOK LIKE A FOOL
TOMORROW WHEN EVERYTHING GETS
DESTROYED.
BUT ONE, YOU HAVE A SITUATION
WHERE THE WEATHER IS FINALLY
GETTING COLDER
YOU HAD CALIFORNIA POWER PRICES
OVER $400.
YOUR NATURAL GAS PRICES AND CASH
IN CALIFORNIA WERE $45
YOU HAVE A SITUATION OCCURRING
WHERE YOU'RE COMING TO THE END
OF THE INDEX ROLL IN ENERGY THAT
ENDS KIND OF TOMORROW.
YOU HAVE A BIG REBALANCING THE
BEGINNING OF NEXT YEAR WHERE AT
THESE KIND OF PRICES YOU'LL HAVE
TO BUY OIL IN THOSE INDEXES.
Comments