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To: Return to Sender who wrote (8935)5/6/2004 5:52:19 PM
From: The Ox  Read Replies (1) | Respond to of 13403
 
OT
As long as these discussion don't boil over during the trading day, then I don't see why there shouldn't be geopolitical views or questions being brought up. If they are not to your liking, then I say just skip over them quickly or take them with a grain of salt. The only danger in these discussions is that they can attract the worst posters on SI who can come in and disrupt the thread...but only if we choose to let them. The ignore feature will be used by me if we get too much nonsense.

I think Sam's concerns are also my concerns. I believe that oil prices are the main reason why the market's being spooked right now, not interest rates. I also find it very difficult to discuss the nature of oil prices and their affect on the market without any reference to the current administration, since they are both oil men. I don't think it's coincidental that we have the highest oil prices in 25 years during Bush Jr.'s tenure. Having said this, I'm not speaking about any conspiracy, I just think it's clear that, unlike the previous administration, the current one doesn't not worry how the high price of oil affects the general public or the US economy. I strongly believe that they want higher oil prices because they (and their friends and families) directly enjoy the benefits from these higher prices. I don't believe my view is shocking. I don't say this as a political attack. It just seems plainly obvious to me and it has been since they took office. As investors we had the opportunity to take advantage of this natural bias! Those who haven't profited from the rise in Oil+NG stocks should have seen it coming from the beginning.

You can talk about funds selling or lack of buying but if we ignore the geopolitical aspect when looking at today's market place, I think it's similar to sticking one's head in the sand.