[BC69]

So I watch the Stock Market like wierdly too much for someone my age. But if I were to recap the last couple weeks.

Weeks before Katrina: Crude was sitting between 67-68 and yet investors were shrugging off the crude FINALLY and making some good gains (without letting crude rule the indices) because of other industry and US ECONOMIC Data! The economic data was 90% good!

During Katrina: Crude hit a high just above 70-71...but immediatly went down. The Dow was volitile but nothing extremely low or high. Just a kind of worthless week for any gain or loss.

Now: Crude was as low as 66 yesterday! 66! That is like a month or two low! The gulf oil production capabilities are at 90% unaffected by the hurricane. The DOW has finished 100+ on tuesday and 45+ today. Jobs were created in the economy! Where is inflation? Literally none! Just barely creeping back up, and only because of fuel costs.


There are other factors, but from my point of view the biggest factor in gas prices....Paranoia! Prime time major network news making people afraid and people just EXPECTING It and ACCEPTING IT! Personally I do not see any financial, or economical reasoning for the gas being so high right now. Remember that Crude is being traded for delivery MONTHS in advance, I think (Dont mark my words), but right now we are trading for like November delivery? I know it is advance trading...so the gas technically should not be affected for months.

I just look at the numbers, and get baffled at the prices.

Thanks
Tim