Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (61470)	4/2/2005 3:12:08 AM
From: energyplay	Read Replies (2) of 74559

I bought some puts on AIG thursday - now I wish I had bought more....down 8% today. Saw an article by Jim Cramer calling AIG the new Enron.... I am perplexed by energy prices, especially oil. I am deeply suspicious of the "high oil price is a strategic move against China" business. Sounds like someone screwed up (Iraq invasion ? no light truck gas mileage standards ?) and they are now saying "I meant to do that..." It's like some political flak is spinning an excuse to cover for the economy tanking because of high energy prices.

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