Yesterday we asked readers if they thought oil would hit $150 or $110 first. As shown in the chart below, 58% of the 366 respondents think oil will head lower and hit $110 before it hits $150. Typically at peaks, bullishness is extremely high and not low as it has generally been for oil during its run-up. But the psychology is definitely different when most consumers want something to go down (oil prices) instead of up (stocks, real estate).
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