CNBC Bonus Bucks Trivia: On June 3, George Soros said oil prices will not “crash” any time soon. What reason(s) did the billionaire cite?
Source: http://feeds.feedburner.com/~r/StockMarketBeat/~3/305315907/Posted on Thursday, June 5th, 2008 | In Commodities, Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
On June 3, George Soros said oil prices will not “crash” any time soon. What reason(s) did the billionaire cite?
Hungarian-born Soros said commodity index trading “is still inflating the bubble,” but oil prices have “a strong foundation in reality.”
While I’m not exactly counting on a crash, I’m hoping I can restock my oil position (USO) at lower prices.
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 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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