May 22nd, 2008
USO: Sold My Oil
Hope I’m not getting too cute here, as I think the long-term trend in oil prices remains upward. But all the “oil crisis” talk on CNBC, along with some other indications that the market is a little frothy here, have led me to take my money out of the oil ETF in hopes of using the same amount of cash to buy more shares later.
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