The S&P 500 Index has rebounded mid-morning from what now stacks up to be a 5.4% correction from the record peak, as investors chew on a smorgasbord of geopolitical concerns.
What a great week for a crude oil bear like myself and if you've been following me you know how happy I am. The question still remains, how low can crude oil go?
Crude prices are moving lower and that means there's an opportunity to buy put options or bear put spreads with a call for a hedge in a 3 to 1 ratio just in case the trend changes dramatically to the upside.
So far, the crude oil market has shown little concern toward reports of rising violence in Eastern Ukraine that breached a temporary ceasefire put in play late last week with pro-Russian separatists
