finally some good news
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Originally Posted by WSJ Dow Closes Under 11000 Mark
The Dow industrials closed below 11000 for the first time in two years, sliding 92.65, or 0.8%, to 10962.54. Markets were volatile all day as investors digested comments from regulators and a plunge in oil prices. Crude saw its biggest one-day drop since the first Gulf War in 1991. |
Now if we believe bkka and friends, the speculators apologists, this means that demand for oil of China and India suddenly reversed overnight
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Originally Posted by Jet Gorgon The markets are always forward looking. |
Correct and that is the exact definition of speculation, preemptive actions for a future event. And they make mistakes because they are based on "estimates" or "moods". Nothing to do with reality. Forecasts sometimes are right, but they are also often wrong. The Market is usually overreacting rather than adjusting normally. And this is why market opportunities are often available, because markets are not always efficient.