Crude Oil
Using NYMEX as his benchmark, Kennedy says black gold is going
sideways. The range, as he sees it, is between a high of $110 to $115 a
barrel and a low of $80 to $75. The real headline is Kennedy's view that
crude's move from $32.40 in December of 2008 to today has been nothing
but a bear market rally. He's on the sidelines now but if and when crude
breaks below $75, Kennedy thinks it's going back below those 2008
levels.
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Guy is clueless. Just another ahole trying to affect the market - and his investments.
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