They say, "it's where the smart money goes". So I've begun speculating on crude oil futures. Except, I'm speculating that oil prices are going DOWN. Big time...
If enough of you will join me in "speculating" likewise, we might just get the assholes who actually have the stocks to sell them off for fear that they will loose money. If enough people sell off, the price will drop.
Did you realize all these people running around saying "I speculate the price of oil will rise" are causing the price of oil to rise? I'm deadly serious. It's not about supply and demand. It's about hype and fear. Economists have been saying for a few years now that if it were just about supply and demand, the price would be about half what it is today. But the price is being artificially inflated by greedy assholes who keep saying "oh man, the price of oil is going to rise." Hearing that causes more greedy people to invest all their money in oil futures and causes the price to rise. Fuck'em. Don't believe it.
Personally, I think it should be illegal to speculate on the price of something that can cripple our economy. But if the greedy bastards are going to continue to speculate and profit from it, (and by the way, isn't that the definition of insider trading?) why not fight fire with fire?
Its a shame that people are so incredibly stupid that they can't think 1 step ahead. If they did, they would realize even if they profit from a rise in crude oil prices, they loose it because everything else is more expensive. Well, here's where you can help. Join me in "speculating" out loud every chance you get that the price of oil and gas is about to take a nose dive! If enough of us do, we might just be able to cause a sell-off. Keep in mind that there are many times more people like you and me than there are greedy bastards profiting. So if we all do this, we could easily win the hype wars.
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