Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (441535)	12/19/2008 4:13:08 PM
From: tejek	Read Replies (2) of 1576628

Six months ago, oil was going out the door like hotcakes.....now we don't know where to store the surplus. I must remember to keep....free markets are efficient... I can't remember how many times I said "oil trades at the margin" but even I am shocked by the price drop. Consumption has dropped what, less than 10% right? And those that claimed there was only a minor speculative premium really have to eat their words. I wonder how much of the current problem was an effect of the runup in gasoline, which slowed the economy and maybe started or exacerbated the slowdown in housing, which exposed all the warts, which... ... ... ... ... The rising gas prices coupled with people running around screaming the sky is falling had to have a huge psychological impact. There has to be better regulation of hedge funds......they wreak too much havoc in the markets. In fact, the stock market in general has to be overhauled. Its morphed into something that seems to work only for the hedge funds.

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