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Identity Crisis

Posted by Alaron in September 19th 2008  
Another wild day in the energy complex and during the day I was explaining to J.W. Elphinstone of the Associated Press why oil had traded all over the place as it did. Oil rallied like crazy in a flight to quality in commodities and then broke on fears that demand would be weak. Then we rallied when the market came back on the hopes that somehow Uncle Sam might save the day and make this crisis just go away. I was trying to explain how oil at times acts as a safe haven against systemic risk in

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Filed under: Fundamental