When will Stock Market Crash. Cryptocurrency Receives Major Endorsement. Oil: This is the same pattern you saw in 2007 before oil collapsed, the same pattern you saw in 2014 before oil collapsed. By Todd Horwitz, Bubba Trading.

 

Oil: Fear is what’s really driving this market. You can listen to all the pundits saying it’s a demand situation and we’ve got no oil. We’ve got so much oil! More rigs going up, more drilling, more oil..some of the refining may be a problem though. At the end of the day this is the same pattern you saw in 2007 before oil collapsed, the same pattern you saw in 2014 before oil collapsed.

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Todd Daily commentary and analysis can be found here.

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Financial Markets & Political Commentary

 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.