Pilm

Living in the American Mafia State

About the only thing congress is qualified to do it hold hearings on MLB and other sports cheaters, at least in these instances, they don't have a conflict of interest. When they hold hearings on Big Oil, Big Banks, Big Brokerages, Bit etc, they are all conflict of interests since all these contribute to congressional re-election campaigns. On the positive side, having the Big wigs come to DC allows them to save the cost of a stamp in delivering their brides ... er, contribution checks!

Wachovia's Rally & Oil's Decline: Rotation from Energy to Financials?

why financials? why not! they've been beaten to death, and would be an easy market to create a short term bubble on. once oil money begins to pour in and prices rise, everyone will jump in (panic buy) and prices will bubble. then in 6 month to a year they'll exit to create another bubble somewhere else. financial bubbles are a part of investment life now, there are just way too many $$$ out there to avoid it.