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Oil Bulls Have One Last Hope: The Journalist Contrarian Indicator

"Journalists (including myself) are writing lots of bearish headlines -- is that a sign that oil is about to rally?"

"Journalists (including myself) are writing lots of bearish headlines -- is that a sign that oil is about to rally?"
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1 comment on “Oil Bulls Have One Last Hope: The Journalist Contrarian Indicator

  1. David Marilley

    The big consensus is accelerating GDP growth globally. And it is put forth by economists and a derivative optimistic mood. It seems to me that the largest market in the world knows better. And….oil should correlate with lower rates. Couple that with big denial about the China situation and a FED remorseful of becoming a backstop for PE expansion, and the outcomes seem predictable. And maybe the FED sees a bursting equity bubble as being psychologically alleviated by a FED that can ease. And maybe all that is psychology anyway? So let’s “normalize” rates to ease when the inevitable comes, and just maybe people will have confidence in the incredible FED rather than one that lost credibility. The fix? Concentration of wealth is alleviated by an every 50 year or so wealth tax. Nothing is ever easy. The fix will never happen.

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