QUESTION: Marty, many individuals learn about your forecast of Russia, 1987, 2007 excessive in actual property, Nikkei, the collapse of communism and so many, however I feel even you forgot your forecast that oil would collapse to $10 in 1998 after which swing as much as $100. I keep in mind even Bloomberg lined that forecast that no one would consider. You might have been the grasp forecaster for you could have projected what you name slingshots many instances. I requested AI should you made that forecast and it confirmed you made that forecast again in 1998.
Do you continue to see oil rising to $200 within the years forward?
Josh
ANSWER: Oh sure, I do keep in mind that. It was Mark Pitman at Bloomberg who was astonished by that forecast. Sure, I nonetheless see oil is rising to $200 within the years forward. Teachers won’t ever perceive such forecasts. There is no such thing as a random stroll and there definitely isn’t any environment friendly market nonsense. Markets at all times overshoot and undershoot the logical expectations.
