Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.
From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”
How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.