Tuesday, 10 May 2011

Special report: What triggered oil's greatest rout

http://www.reuters.com/article/2011/05/09/us-financial-oil-rout-idUSTRE7480AI20110509

SS says

The answer is simple.
Extreme bullishness on Oil could be seen via CFTC data.
When the crowd acts like a herd aka lemmings - its time to get on the other side of the trade.
I had said this in my previous posts.
This is just simple  - human mood swings between greed and fear.

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