InTheMoney Stocks

Simple Reason Why Oil Will Bounce Here: Duh! (USO)

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Oil             is taking a beating again today. While many bears are talking about oil             going much lower in the next few weeks, it has likely bottomed. Why? Simply put, Russia and the middle east (Iran) will start some trouble to boost the price. Remember, 90% of their economies depend on oil             . Just watch, something crazy will happen in the next 48 hours to stabilize and bounce oil             in the near term.

Gareth Soloway
Chief Market Strategist

Gareth, Jesus Christ, I'm long from that gap of you, so I'm taking some serious heat.
Catching a falling knife is easy, DUH !!
How are the oil sands taking this and the deep water rigs in the Gulf? Americans and Canadians would have the same reason to start something crazy.
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