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Compiling comments that experts make about stocks while on public TV.


General Comment by Larry Berman CFA, CMT, CTA

Bias Subject Owned

Oil. Hedge funds may be a bit too long on oil. Tom McClellan points out that the “net short” position of the commercials, the opposite side of the speculators, are very net short; in fact, the most “net short” since oil was over $100, and they are the smart money. The speculators are on the other side of this trade. There is probably some more downside to go here. It could push oil down to the low $40s, as those positions unwind. $40-$60 is probably the range for the next couple of years.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.

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