Once again, I am inclined to go against conventional wisdom. We have heard so many oil bears come out of the wood-work over the past 30 days, that I can't help but bet against them.

After the November mid-term elections, I think you'll see the oil "magic" end, and with it, the stock market "magic" also.

I was born and raised in Detroit (Go Tigers!), and one thing we were taught at an early age is not to believe "shuck and jive". Since I believe what we are witnessing in the stock and oil market's are nothing but "shuck and jive", I don't believe a trend unless it is sustainable.

By the way, the definition of "shuck and jive" in the urban dictionary is "Not the whole truth; or manipulating something to get it your way". I do believe there is a lot of "shucking and jiving"going on.

Here are a some recent comments by T. Boone Pickens;

October 12, 2006

Boone Pickens says don't rest on your laurels today with inexpensive oil, it is going to $100/brl

Boone Pickens says oil will reach $70 before 2007Billionaire Dallas hedge fund manager Boone Pickens said crude oil will reach $70 a barrel before the start of 2007. He said oil would reach $100 a barrel by July 2007, reiterating a forecast he made in a July 25 interview that oil would rise to $100 sometime within the next year. Pickens said it will take a geopolitical event to cause it to happen but he said "weve got a lot of opportunities for those.