Barry Parker Commentaries
Dec 3, 2014
Click here to access Thanksgiving reflections
For me, there was little to give thanks for on Thanksgiving Day, as OPEC’s meeting seemingly asked “Who’s the turkey?” or alternatively “Time for long crude investors to get roasted.” With oil prices plunging, the old commodity investor adage about not trying to catch a falling carving knife certainly rang true. Yet, stepping back, if the oil price drop really sticks (and I have my doubts- as I have all the way down), there are probably some highly salutary effects just around the corner.