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The liability for inflicting injuries on bystanders is one element, but his estate would also be liable for property damage to the truck, etc. It might important if it could be proven that he intended to perform the act when renting the truck, but he had rented trucks from HD previously. My...

Been curious about this... Should the driver have bought insurance when renting the truck? There are some technical issues, such as - Would it matter if he didn't have permission to drive the truck in NY (after renting it in NJ). Are there any payoff implications related to the driver's state...

I meant to update this previously but I didn't get the impression that there was significant interest. I decided not to do anything with oil based on price action after my last post. My theory was that it was going to do a head fake on the low. I think the crowd behavior theory is that the...

Over a year after this thread was started, oil is starting to look interesting as a buy. The chart shows a low of $27.56 a few days ago, which is sort of in line with the projections I mentioned above. We would want to see a move above 38.39, if it penetrates the $27.56 low before this...

There is a lot of sense in looking at the strong dollar. This is a fund that invests in short currency positions versus the dollar. The rough patch for the dollar was a big talking point for the right wing and I remember several FRDB discussions about it. Of course, like all right wing...

This was an ugly week all around. Note the down waves from October. 50.92 to 42.58 48.36 to 40.06 43.46 to 34.53 38.39 to 32.10 I discussed possible forecasts above that expect a move to $29 or so. Call me sentimental, but I have to back myself here. My guess is that a well defined...

I don't think the money was the issue, it was more the technical aspects of putting the money in escrow for some indeterminate period. Stockcharts told me they have a formula tied to the volume of various futures contracts. I think the low for the front month CL (WTIC) was 34.51 on the front...

Here is a chart from Stockcharts.com that shows WTIC. It is updated end of day and shows a low of $34.53. I think this is correct and have asked customer support to explain how they get this. There was significant early morning volume in the front month futures contract below $35 and, of...

That's an interesting question. Earlier today the front month WTI Futures contract was as low as $34.51 Obviously if you want to buy some spot WTIC you don't go to the local Walmart. EuroInvestor WTIC This link gives $34.51 as the low price for spot WTIC. I've seen other pages that start...

I guess Santa gives and takes away. For making a winning bet, I can't imagine how much I've been wrong. In typical right wing fashion, all the flaws of Derec's reasoning are applied to me. Well today, the bet is over. Oil is breaking below $35. I'm sure there is some way this makes me the...

The US Market has been relatively steady this year. The third year of a presidential term is usually pretty good. There had been support at about S&P500 2040 for about six months and that was taken out yesterday. The current index value of 1971 is just below the January low for the year of...

Oil is getting hammered today. Oil hits nearly 6-1/2 year low after stockpile build CNN suggests $15/barrel is possible That $40 Wizard enforced Stop Sign looks more and more shaky. YOU SHALL NOT PASS Technically speaking, I'm not sure whether Gandalf was able to stop that thing... of...

SeekingAlpha.com is free to join. I don't know about the quality of this guy's advice; assuming his reasons are all legitimate bullish points (not to mention true) why would they be good enough to halt oil's decline just below $40? He doesn't explain that in the article.

Here is a title that Derec wouldn't have expected seven months into his bet - 4 Reasons Why Oil Will Not Trade Much Below $40 This is interesting because it takes Derec's mythical, absolute, no questions asked stop sign at $40 and changes it to a caution sign. The reasons given don't really...

Derek, my buddy Ruy Lopez also called me a short term trader. Since you have selective amnesia about him, he recommended gold at $1800 (give or take) in 2012-13 and now is in danger of seeing a 50% loss. Don't worry, you can still pretend to be perfect, even though basically the same kind of...

I know a lawyer who worked on the case in the past. There is the claim that Pollard's information caused the death of some American assets. That might explain why he wasn't released before.

Unfortunately, your bet was that it would go to $100. I discussed the $60 level above, that turns out to be an important number for shale production costs, so it's not surprising that sellers appeared at that level. Granted you haven't lost the bet yet. Perhaps this is giving too much credit...

Is it at $100 a barrel yet? Seems like it's a little lower than the price you recommended buying it at.

I need Loren to explain this to me. Hard to imagine one human being doing that to another and the guy looks as calm as can be. Granted not all cops would be capable of that but I think it's a bigger percentage than most people would guess.

I know you are joking, but you offered the bet on 1/20 after you gave a quote of about $48 for WTIC (West Texas Intermediate Crude) on 1/15 and I had made a very amusing reply that the price was now $46 also on 1/15. The chart below shows what has happened between 1/15 and yesterday...