To the untrained observer, stock prices appear a circus of chaos. Randomness reigns, and discerning direction appears a fool’s errand. At first, forecasting prices seems like you’re trying to guess the next step of a drunk stumbling through an alleyway. The feat looks impossible, maddening even. The path of the intoxicated is topsy turvy, full…
Oil and the USO Riddle | Trading Justice Newsletter Vol. 31
We live in a brave new world. Pandemics and quarantines are one thing, but negative prices for a commodity? That is a head-scratcher once thought to be impossible. I remember a time when hillbillies finding oil led to riches and a Beverly Hills mansion. Had they been so unlucky to have stumbled upon black gold…