- Oct 10, 2000
Like I said, there's a bullish bias to it, so news that support lower price get less weight than the ones with higher price. It will come off by the end of the week for sure.Originally posted by: Skoorb
Stop using your brain. If you want to know where the market is going you need to bash your head in with a mallet and then throw a dart on a wall with random numbers. There is no rhyme or reason in it.Originally posted by: halik
Seconded... there is a bullish bias in the market, but more supply will drop it for sure.
OIL UP $5 TODAY
It hit a record today, and yes this is after the 200k output. See, no sanity in the market at all )
It's all behavioral finance in the end - the concept of overconfidence leads people to dismissing negative signals and and take positive signals as reinforcements.
Dollar is down 1% against a basket and july contracts are up 4%. Anyone wanna run the regressions ? Legend Killer?