Friday, January 20, 2006

Stop the Pain

We got killed today in the market. No simple way around that one...there was red all over the board today. Those damn oil prices are going to be the death of me. $68 a barrel for oil is not only too high, but absolutely insane. Why does oil keep climbing? Because of Iran? No...the United States doesn't import one drop of oil from Iran. I guess it's the old fear-mongers raging about a recession and how everything sucks. I prefer to look at things in the positive. Oil will eventually come down to a more reasonable level. It may not be today, but it will happen. Maybe I was just a month or two early to the party in calling the mid $50s. Go short oil again here...words to the wise. As for me, I will be having some beverages tonight.

No comments: