USE UR BRAIN 
The thing about markets nobody knows anything 
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I got forewarning of this from my brother-in-law in Oz, but at the time neither of us understood what was going to happen. He asked me if I knew about the market for oil tankers because someone had tipped him off that there was going to be an oversupply so huge that it was going to overflow all the refinery storage tanks in the world including the US strategic reserve. I told him to ignore his source of information as an idiot.
Well, no matter how old you are and how long you have been trading, you can always be wrong.
Edited. And by the way, it is a lot easier to take physical delivery of gold than it is a few thousand barrels of oil, at any price, if you are forced to. In the 1980s I used to imagine what that would look like if you had to take delivery of a contract or ten of pork bellies.
It’s better to listen to brother-in-law rather than Jim Rogers 
How do we know when irrational exuberance has unduly escalated asset values?
In the past it was irrational exuberance. Now it may be irrational doom and gloom. 
I remember watching this happen with my mouth wide open! Be a day I remember in my trading life.
The greatest enemies of investor are expenses and emotions!
Fortunately had no skin in the game at the time. But the whole “no it won’t go sub 0…will it?!” was extraordinary
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Almost the same thing we see now in Russian depositary receipts in London IOB, as prices trading near 1 cent for main blue chips, there is
activity for big shops like Goldman as they have lots of structured products based on Eurobonds and Gdr’s and they are covering short positions on them.
Credit default swaps are f… up…
yea I know thats why street trading fixed income on non dvp basis…
Let it be a stark warning to investors especially in these forbidding times
Bubble Bubble, Toil and Trouble
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hehe how are u