Monday, November 03, 2008

Oil Prices v Google Search Volume for "Speculators"

Oil prices have fallen, along with the Google search volume for "speculators," see chart above (click to enlarge).

6 Comments:

At 11/04/2008 6:11 AM, Anonymous Ian Random said...

I bet you it also mirrors the decline in demand as we transition from summer to winter that happens every year.

 
At 11/04/2008 8:30 AM, Anonymous Anonymous said...

I appreciate you posting that, Mark. I've been trying to figure out whether the Google trends search data can be useful. Here's a link to a live data set plotting jobless claims vs a google "layoff" search:

http://www.qdsanalytics.com/2/default.asp?t=23&rptid=22

I guess we will find out how predictive it is.

 
At 11/04/2008 11:19 AM, Anonymous Andy said...

If speculators control the price of oil (and other commodities as well) why aren't they getting the "blame" for the drop in the price of oil?

 
At 11/04/2008 4:21 PM, Blogger K T Cat said...

It was those durned spculators what done it!

 
At 11/04/2008 7:30 PM, Anonymous Anonymous said...

I always like the term speculators and then the same group touts "Buy and Hold" for the long term. If one is buying an investment they surly wouldn't do it with the intention of losing money.

 
At 11/06/2008 6:19 AM, Blogger OBloodyHell said...

> I always like the term speculators and then the same group touts "Buy and Hold" for the long term.

Yeah, 'cause paying the storage costs of oil that has been bought, while waiting months for it to climb again, is SOOOOO much cheaper than selling it at less than spectacular profits, or even taking a fixed loss which can be written off THIS YEAR against those same excessive profits.

Uh, yeeeeah.

Do you use IV drugs, or are they ingested, or is it inhaled? Just wondering.

 

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