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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (37707)5/2/2010 11:02:28 AM
From: Jurgis Bekepuris  Read Replies (2) of 78464
 
if major faults are found with their rig

So it's a "sell, sell, sell, bad shit may happen" mentality based on no known facts. It does not matter that company adheres to all existing regulations. It does not matter that official inspection was conducted 10 days before a blowup and found no issues. What matters is that "OMG, major faults can be found with the rig, let's panic". OK.

Sometimes I think that speculators (as opposed to business owners) are just bottom feeders providing no useful role in economy. If there is an issue, the solution is always to run away instead of trying to fix it. While BP and RIG employees are working to contain the catastrophe, the armchair philosophers pile blame high and low without even waiting for any substantive investigation. Yeah, you know screw the poor sobs that lost their property and their lives drilling for oil, that will teach them to do something productive, let's go and invest in ... hmmm ... something that does not blow up.
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