I don't think the 99% of U.S. Businesses, global or domestic, that are HURT, and not helped, by this madness, as consumer dollars are sucked up on basic staples and not spent in their places of business, are going to sit idly by and not get in their legislators ears about this situation, do you?
Watch the fed and congress suddenly address this as local chamber of commerces erupt into 'burn Bernanke in effigy' rage-fests.
http://seekingalpha.com/article/71719-options-trader-wednesday-outlook
"Iâve decided that the problem with commodity investors (and many investing classes) is that they donât live in the real world. Our modern market systems make it possible for kids to graduate college, never have a real job and become traders who are given Billions of dollars to invest before they are 30. They view the market as some sort of video game and have no sense of the reality of the numbers they are playing with. A lot of technical analysts have slipped into this trap as well, believing things can go up or down in ridiculous moves based on the prior ridiculous moves, completely ignoring the fundamentals of the thing they are investing in (if they even know or care what company or commodity is actually represented by the chart they pass judgment on).
This is the farce we are all participating in. Only a clueless kid with a $1M New York City apartment and a Porsche in a $1,000-a-month garage that he never drives and a house in the Hamptons he never visits could possibly believe that buying oil at $110 a barrel is a good investment. You need to be severely detached from reality to think that a planet with an average per capita GDP of less than $16,000 will continue to consume energy at the same rate when the price doubles. "
Watch the fed and congress suddenly address this as local chamber of commerces erupt into 'burn Bernanke in effigy' rage-fests.
http://seekingalpha.com/article/71719-options-trader-wednesday-outlook
"Iâve decided that the problem with commodity investors (and many investing classes) is that they donât live in the real world. Our modern market systems make it possible for kids to graduate college, never have a real job and become traders who are given Billions of dollars to invest before they are 30. They view the market as some sort of video game and have no sense of the reality of the numbers they are playing with. A lot of technical analysts have slipped into this trap as well, believing things can go up or down in ridiculous moves based on the prior ridiculous moves, completely ignoring the fundamentals of the thing they are investing in (if they even know or care what company or commodity is actually represented by the chart they pass judgment on).
This is the farce we are all participating in. Only a clueless kid with a $1M New York City apartment and a Porsche in a $1,000-a-month garage that he never drives and a house in the Hamptons he never visits could possibly believe that buying oil at $110 a barrel is a good investment. You need to be severely detached from reality to think that a planet with an average per capita GDP of less than $16,000 will continue to consume energy at the same rate when the price doubles. "
