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To: Bucky Katt who wrote (12775)9/25/2003 3:03:37 PM
From: James Strauss  Respond to of 13094
 
Looks like our pals @OPEC gave us one of those "wild card" things I was talking about.
Don't be mislead, the world is loaded with oil, they just want to squeeze the West a bit for the UN show yesterday.
Call it another "Iraq" tax perhaps?
And then add in the futures traders tax.... Just think if something bad actually transpires?


William:

A nasty slide yesterday... If there is a squeeze on our daily oil fix the markets will perceive this negatively... Unless we get a reversal from the Wednesday Big Dipper we could be at the start of the long awaited corection...

Jim