OIL ETF's

Yes I bought OIL in early January and held for a while but had to let go as it continues to get beaten down. I also don't think any regulating body such as OPEC can alter the prices that much. Clearly, the demand has gone down. I also think that there was a bit of price gouging going on in summer of 2008. People in Atlanta acted as if we were on the brink but no one was paying attention to the fact that OPEC was already starting to lower production to cope with demand.

Jan 21, 2002

So what is going on with this economy? You have got to hand it to the bankers. They have really outdone themselves this time. Does anyone think that this whole process is going to increase the gap between the haves and the have nots? Billionaires like Warren Buffet can actually place 500 million dollar bets on stocks right now while Joe the plumber can't afford to pay his mortgage and might be losing his job. I want to encourage people to post any general comments on the state of the market and ideas to help turn it around...

JediMaster