Live by the Sword, Die by the Sword

Are oil prices really going to the moon?

It looks like it from the recent price activity. The trajectory of the rise seems to indicate that a bubble is forming, according to many. Why shouldn't it be? After all, the meteoric rise of oil has many similiarities to the NASDAQ bubble a few years back (I read the article somewhere, but can't recall where).

I have no idea which direction oil prices will go. However, I'm not sure if it's considered a bubble if there are still people on the streets saying it is a bubble/ a bubble is forming etc. I thought a bubble is only formed when everyone is convinced prices will continue to go up. Oh well. we'll only know if it's a bubble after it bursts.

If you decide to get vested in commodities related funds, good for you. If you decide to stay out of it, good for you too.