Elliott Wave 5.0 "Reboot"

Saturday, December 12, 2015

Comment on: Billions of Barrels of Oil Vanish


http://www.bloomberg.com/news/articles/2015-12-10/billions-of-barrels-of-oil-vanish-in-a-puff-of-accounting-smoke

When I first read about this it did not surprise me at all as this is the kind of thing that happens at the extremes.   All the fundamentalists will be scrambling to recalculate what this means about real inventories. Chances are good they will not clue in for some time to come.  Like the headline says , "gone in a puff of accounting smoke".