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Politics : View from the Center and Left
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To: Cogito who wrote (76001)7/21/2008 10:51:37 PM
From: greenspirit  Read Replies (1) of 541961
 
Allen -

Whether my thoughts are ordered or not is a matter of perception and a rather rude response. Nevertheless, I'll respond without sarcasm or condescension.

Last week when President Bush lifted the drilling ban off the U.S. coast the price of oil dropped $9.00 a barrel. In the ensuring next few days it continued to drop. Perception does have an impact. Traders may be looking six to twelve months down the road, or they may be looking a few days or a few years down the road. No one really knows. All we can do is observe trading behavior toward potential policy changes in an effort to try and understand causality.
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