Aces High Bulletin Board
General Forums => The O' Club => Topic started by: _Schadenfreude_ on August 04, 2004, 12:13:53 AM
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Terror alert based on 4 year old information on all the front pages but oil at $44 a barrel and rising gets ignored??
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http://www.reuters.com/newsArticle.jhtml;jsessionid=LCCJTH4V4MYZGCRBAEZSFFA?type=reutersEdge&storyID=5861546
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It appears that you almost skimmed the news, good thing you don't dick around with actual facts.
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I take it back, you did link a story. Now bout that "4 year old information"....
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Prices are high simply because some morons are attempting to rape the market by speculating on futures. The same freaking thing happens to everything that has a futures market. Terror threats and war in the ME has nothing at all to do with it. There are a bunch of stupid arrogant little petty individuals in little cubicles driving the prices up by speculating, just as they did by day trading. Albert deSalvo or David Berkowitz could be president and the same thing would happen. The SEC should be doing something about regulating futures markets, but they aren't.
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In case you didn't notice, there is an election in November.
Ridge is giving Bush some free advatising, that's all.