Wednesday, November 12th, 2008...10:06 pm

Oil Hits $55

A year ago it seemed everyone thought oil would keep going up in price.  I heard predictions for $200 and even $300 a barrel.  Would would have guessed one year ago that oil would be down to $55?  That would be me.

From my 2008 Predictions post on MarketTicker on 12/27/2007:

OIL = $55
President Mitt

Even though I was dead wrong on Romney winning the 2008 election, I nailed the fact oil would hit $55 by the end of 2008.  This calls for a celebration dance.

I promise not to bring out the dancing banana until the S&P 500 hits 600 or Paulson is lynched.  Whichever comes first.

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