U.S. OIL FUND ETF (USO)

All Comments on USO

  • commenter
    Fred Banks
    Oct 14 03:08 AM
    Understanding Long Term Oil Pricing [view article]
    In the oil market, rolling short term positions over seems to have worked as long as backwardation prevailed. As for long term commitments, I just can't see the attraction of an illiquid 'market'. BUT, don't take my word. The best book on futures and options is John Hull, and I think that he will tell you the same thing. Reply
  • commenter
    Bobby
    Baklava
    Oct 14 01:10 AM
    My Website
    Tuesday Outlook: Commodities, Emerging Markets [view article]
    Mr. Fry your comments and charts are excellent. I completely agree with your cash position currently, as the VIX still stays above 50.

    I would like to say a few comments about Gold, (GLD) and its strong downward swing on Friday. The G7 summit which was held over the weekend, (usually the weekend is a good time to do things when people aren't paying attention), had a large part in the sell-off and was a strong sign for the equity market rally globally today.

    Gold hit a high ot 910 dollars an ounce the same week, and then plunged suddenly of Friday. The market predicts future events, but with a commodity like gold, global leaders dumped their position a day early to reallocate their assets in equities.

    Now, some might contend that today's rally was caused by low volume and bond market holiday. However, how would that explain the explosive rally in asian and other global markets.

    I am not predicting a bottom either but I am predicting an upward movement towards the top of a double bottom hill. If the libor rate comes down and Apple has some innovative new laptops to offer the market might take off. Obviously there are many other factors but I believe the sell off in gold was a early sign that global financial leaders knew of the results of th G7 summit ( such as the US annoucment of federally buying preferred shares of several large banks - financial socialism - aka. overreaction).

    Expect a uptrend hitting resistance for the DIA at 11000, and then a reversal before we get out of this mess. I have NO idea what the time frame is.     Reply
  • commenter
    iyamwutiam
    Oct 13 11:44 PM
    Has the Energy 'Tsunami' Been Aborted? [view article]
    The price of oil will be directly proportional to US debt. Otherwise why would Asia/Russia and Germany/Japan hold onto those things. Now that the printing press is at full tilt - the price of oil will be much higher.

    What we are seeing is the pre-election 'favor' to the people -so that the fix is in between two equally horrific candidates.

    Ron PAul for President     Reply
  • commenter
    ninetyseven
    Oct 13 10:23 PM
    Oil Industry: Farewell, Good Old Days [view article]
    Tony D. says: Isn't it strange that as we get closer to the Presidential election, the prices of gasoline and heating oil are dropping? Why do you suppose that is?

    I suppose that it is because the feed stock to refineries, crude, has decreased from ~$120/bbl or $2.85/gal, to ~$80/bbl or $1.90/gal. I suppose it is related to the end of driving season when gasoline always drops significantly each year. I also suppose it is related to a general slowing of demand as the economy contracts. You apparently haven't been paying much attention to how it works.     Reply
  • commenter
    Right in
    San
    Francisco
    Oct 13 03:29 PM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    The latest devaluation - the Nobel prize for economics. Reply
  • commenter
    Woodsey
    Oct 13 02:07 PM
    Wall Street Breakfast: Must-Know News [view article]
    Congratulations, Paul Krugman. You deserve it. Reply
  • commenter
    Unke AL
    Oct 13 01:59 PM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Let us never forget that this worldwide banking problem is Alan Greenspan's real legacy. He engineered the whole damned mess . Reply
  • commenter
    Tony D.
    Oct 13 01:46 PM
    Oil Industry: Farewell, Good Old Days [view article]
    Isn't it strange that as we get closer to the Presidential election, the prices of gasoline and heating oil are dropping? Why do you suppose that is? Also, these prices rise and fall with the stock market, it seems. Reply
  • commenter
    fran
    Oct 13 01:06 PM
    Understanding Long Term Oil Pricing [view article]
    wouldn't the general investing public[unsophisticated... be better positioned on the future of energy using a form of rolling commodity index and energy stocks than fretting the questions involved with specific commodity futures and options and margins?

    more didactic material of this nature is needed by much of the same investing public. it's good that you devote the column this way.     Reply
  • commenter
    SmartStops
    Oct 13 01:01 PM
    My Website
    Jeremy Grantham: Stocks Still Aren't Cheap [view article]
    Take a look at some of the studies done. Trailing stops do indeed prove tough because they are not adjusting as they need to and that's why the whipsaw. Being afraid to sell because one might miss the uptrend, well , the re-entry side of that can be as simple as a new 20-day high and studies will show that is STILL far superior to other methods. Folks like to tout that if you miss the 10 best days of the market, you lose out. Well we have one study that shows your returns may fall by 14%. What they DON'T tell you is that if you miss the worst 10 days of the market your returns rise by 24%! Reply
  • commenter
    WayneS
    Oct 13 11:36 AM
    Has the Energy 'Tsunami' Been Aborted? [view article]
    History repeats itself. In the 1980's, over 400 of the less than 700 homes in my subdivision along were foreclosed on. 300,000 people lost their jobs in the metroplitan area I worked in. I couldn't sell my house for 10% of what I owed. I had a 15.5% mortgage. I was advised, by a lawyer, to walked out of my house and only pay income taxes on the difference between what I owed at the foreclosed price. Unfortunately, my father taught me ethics and I couldn't break my word to the mortgage company to repay my loan. I am now retired and can't sell this same house for any price. Now that oil prices are dropping, the government will forget their promises to back alternative energy, just as they did in the eighties. Reply
  • commenter
    WayneS
    Oct 13 11:16 AM
    Oil Industry: Farewell, Good Old Days [view article]
    Exxon learned from past mistakes. In the eighties, they invested heavily in alternative energies. The exact same ones that are being persued now. Exxon brought up global warming, then in the eighties, as a reason to continue research in alternative energies. This was denounced as one of Exxon's lies to gouge the tax payers out of their hard earned money. The US government broke theur promise to support alternative energy, because the price of oil fell to $10 and gasoline was cheap. This is about to happen again soon. People will forget $4 gas. They will forget that 1700 less people died on the highways this year. They will again buy vehicles to feed their egos. The US government will forget about alternative energy until the next crisis. Reply
  • commenter
    paulk8756
    Oct 13 11:10 AM
    Has the Energy 'Tsunami' Been Aborted? [view article]
    The market has put in its bottom, and so has oil at +/- $80. Tight worldwide supplies and OPEC will help ensure that.

    The talk now is the D's will REINSTATE the OCS moratorium after the election. That should be good for a $10 bump by itself.

    Between world demand, OPEC and Congress, then, there's nothing but blue skies ahead for Black Gold now.     Reply
  • commenter
    Joseph
    Wechter
    Oct 13 11:02 AM
    My Website
    Understanding Long Term Oil Pricing [view article]
    I don't see a problem with buying long term oil futures contracts in this environment as long as you have some cash reserves to use for margin calls. Reply
  • commenter
    john s.
    gordon
    Oct 13 10:48 AM
    Has the Energy 'Tsunami' Been Aborted? [view article]
    again we have the predatory lenders & speculators & hedgie funds causing the problem.
    > jack     Reply
Loading...
Symbols:
Authors:
Quick Links: