Today wasn't just crazy, it was demented with money pouring into the market (the DOW), then draining out. Oil down despite the fact that 14 refiners are shut down in the Gulf and a lot of the oil business may take weeks to restart. Not to mention that gasoline stocks are low. Funny crazy, and not in a good way. Damage losses in the area are in the many billions and more hurricanes are stacked up and headed our way.
And all that is the least of it. The financial fundamentals haven't changed. Go, resources. Go, commodities. Go, gold.
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Today wasn't just crazy, it was demented with money pouring into the market (the DOW), then draining out. Oil down despite the fact that 14 refiners are shut down in the Gulf and a lot of the oil business may take weeks to restart. Not to mention that gasoline stocks are low. Funny crazy, and not in a good way. Damage losses in the area are in the many billions and more hurricanes are stacked up and headed our way.
Sep 02 15:41 pm
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All Comments by GMiki1 »Crazy 2008 [View article]
And all that is the least of it. The financial fundamentals haven't changed. Go, resources. Go, commodities. Go, gold.