Now, “the probabilities are overwhelming that they will not cut,” Edward Morse, an economist at New York-based LCM Commodities LLC, said in a March 13 Bloomberg television interview. “If oil prices were at $40 or in the $30 range, I think it would be a fairly high probability they’d cut. With prices above $40, flirting with $50, they have the economy on their minds.”
asr: with bloomberg TV interview , see the LCM it is high profile firm with worlds leading oil companies and hedge funds as clients so they carry lots of valuble info. It is good to subscribe to bloomberg TV to get this info .
Look at CNBC , they got Excel partners ( I talked ) a small one man trading house to show the opinion .
find out March 13 interview time, if it is before 12 noon , the friday it is great info. to take short position. If it is after drop on friday say 1 pm it is already dropped.
Sunday, March 15, 2009
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