VERY BAD FOR LONGS---GOD BLESS AMERICA!
The fact that a $3 billion fund in business for 3 years could blow up due to losses sustained in a little over a month, for cripes sake, shows what a house of cards this whole commodity charade is.No telling who's next, or who's trying to gracefully bail out without pounding the sell button like a rat speedbagging the cocaine lever in the behavioral lab.No telling how low oil goes from here.
"No telling how low oil goes from here"OPEC has indicated that they will cut production to maintain oil @ $100/b... Any more questions?
One poorly managed Lehman commodity fund went under in response to the recent correction. Big deal.