Don't think oil trading is pure speculation/greed? Think of it this way....

Roland99

(1000+ posts) Send PM | Profile | Ignore

Wed May-18-11 11:36 AM
Original message

Don't think oil trading is pure speculation/greed? Think of it this way....

Edited on Wed May-18-11 11:43 AM by Roland99

If the Dow Jones Industrial Average was swinging by 300-400pts up or down ALMOST EVERY SINGLE DAY (about 3-4% swings given the current value of the index), do you think anyone would have much confidence in trading stocks?

Not many.

But yet, that's what oil has been doing for quite some time. Today, it's up almost 4% and has topped $100/bbl again after being down to about $95/bbl the other day.

freakin' insanity.

Printer Friendly | Permalink | | Top

xchrom

(1000+ posts) Send PM | Profile | Ignore

Wed May-18-11 11:41 AM
Response to Original message

1. Well said. Simple & to the point. Nt

Printer Friendly | Permalink | | Top

Wounded Bear

(665 posts) Send PM | Profile | Ignore

Wed May-18-11 11:44 AM
Response to Original message

2. Pretty much defines all of the commodities markets....

:shrug:

Printer Friendly | Permalink | | Top

sharp_stick

(1000+ posts) Send PM | Profile | Ignore

Wed May-18-11 11:52 AM
Response to Original message

3. Big swings are common

of commodities in general. Trading these would give me an ulcer in a hurry.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Thu May 09th 2024, 04:40 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.