Today’s Call: NY Crude Oil to rise. Currently $98.42.
Rationale: Stocks of Oil tanker transporters are turning slightly higher which generally leads to an increase in the spot price of oil. This, combined with the effects of Bernanke’s market soothing words today should push commodity prices more than stock prices. This is the new trend, fresh money is moving into higher commodity prices which will eventually erode stock prices on a relative basis.
Calls to Date: Good Calls: 26, Bad Calls: 18, Batting .591