Over the last few weeks I have argued that oil price collapse appears to be more structural in nature as opposed to “temporary”.
What’s the difference?
Well, I believe investors and/or traders who are trying to time the oil market bottom in anticipation of making a large fortune will be mostly on the net negative side of the trade. Don’t get me wrong. Oil prices will bounce, at times significantly. Yet, anyone anticipating or betting on a large V shape recovery will be disappointed. Carl Icahn has the same view. If you follow the oil market I highly encourage you to watch the video below. A very solid point of view.
