Oil Eases, Stock Futures Higher…

I was just talking to Barry yesterday about how quickly oil could erase 5 to 10 bucks on news of Gaddafi fleeing the country, surrendering or eating a bullet.  Supposedly, he’s offering “talks” to the rebels.  Oil is pulling back and stock futures are indicating higher after a rough few days.

The rebels are already saying “no thanks” and “just GTFO” according to Reuters but stocks are probably due for some relief.

With copper down 3% yesterday (not a great sign for equities) and my unending skepticism about whether Libya can be pacified so easily, my inclination would usually be to fade bounces like this.  But we shall see.

What's been said:

Discussions found on the web
  1. human hair wigs commented on Jan 22

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/03/08/oil-eases-stock-futures-higher/ […]

  2. Regression Testing commented on Feb 07

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/03/08/oil-eases-stock-futures-higher/ […]

Read this next.