OK, OK, it isn’t a “collapse”, but I like alliteration, and I needed a “C” word. Suffice it to say that I’m pleased crude has been weakening since twice hitting the +$50 mark.
Incidentally, Bernie Sanders is going to be here in Palo Alto today, and I’ll be going to the rally. I’ pretty excited about it. Bernie is, of course, the only moral person running for President. I firmly support him, and I would zealously applaud confiscatory taxes on all people except for financial bloggers, who I think should be given special dispensation given their marvelous contribution to society. Feel the Bern!