Global Capital Reserves: Crude Oil Plunges, Stocks Take Off

Monday, June 16, 2008

Crude Oil Plunges, Stocks Take Off

Wow! What a stunning reversal! If I hadn't seen it, I wouldn't have believed it! After reaching a new all-time record price, crude oil has sold off more than $6 today so far. See the crude oil plunge above, and the S&P chart below.

S&P 500

S Benard at 11:37 AM

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About Me

S Benard: United States; I am a student of economics, financial analyst, and futures trader, specializing in agricultural commodities, and especially grains, but I also trade gold and other metals, soft commodities, treasuries, and stock index futures. I began trading spot Forex currency crosses in May 2003, and in August 2006, I met a futures trader who has been making a living in futures for more than 20 years, and he became my futures mentor. I've never looked back, and I am now head trader for Global Capital Reserves, my own firm. I also have both Bachelors and Master of Science degrees in business. I really enjoy trading futures, and hope to share my successes, a few failures, and methodologies.

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