World is a better place without Market analyst.

[orangejello727]

http://ca.news.yahoo.com/s/capress/080506/business/oil_prices

Oil passes US$122 on $200 oil prediction, supply concerns

Stupid market analyst throw a bone out there saying OIL is hot..and suddenly the price per barrel goes nutzo. I wish people would finally figure out what analyst do. They make the rich richer!!

Last year the analyst were screaming that Bank stocks were garbage and would go nowhere with the decline in mortgages. Then BAM CIBC goes crazy and hits $100 / share. I wonder who bought into it?? They call it garbage and its back down to $60/share. Analyst and buddies buy them all up cheap.

Same game being played. These analyst are capped up buying oil stocks. No wonder they send out a market rumor like this.

[Deke218]

Kind of a shame we have the weak wimpy types fucking around with the world economy the way they do. One little buzz word from some pencil pushing dweeb could pretty much have you paying $6 a gallon for gas.

[abbywack-a-mole]

Although I agree with your market analysis statement (the most useless people on the planet) your comparison to oil prices don't jive. Oil is a pretty basic supply and demand commodity. It's run by a cartel and since we drive cars, and continue to pay whatever they set supply at, the price goes up. Until our demand changes, bend over.

[orangejello727]

Although I agree with your market analysis statement (the most useless people on the planet) your comparison to oil prices don't jive. Oil is a pretty basic supply and demand commodity. It's run by a cartel and since we drive cars, and continue to pay whatever they set supply at, the price goes up. Until our demand changes, bend over.

Not true. OIL prices are volatile and change on a dime no matter what happens. Just recently the Price of OIL rose $3 because something happend to a pipe line in Ireland. Just exactly how much oil comes out of ireland that is considered dependant oil to other nations?

Just the notion of extreme weather will send futures through the roof to only have them come back down a few days later because it was all rumors.

[chimphappyhour]

I think it was stated that the supplies this year are not much out of line with a year ago yet the prices are insanely out of line. It is also widely known that traditional market rules no longer apply, it is purely rules of fear that run the market now.