Monday, September 22, 2008

Finances

So on the 19th, I warned that the bailout plan could have some rough consequences....

The market was down today as we projected and oil futures climbed $25 (roughly 25%)

http://news.yahoo.com/s/ap/20080922/ap_on_bi_ge/oil_prices

I would project the market will be up tomorrow. The question at hand is where is the market going after that. We have hedged our longs by selling stocks short as well. I think you may have seen the top of the oil prices for now... we will have to see what the market does.

Laissez Faire is always the best policy, but only if you are concerned about the average guy. Intervention only helps those people 'in the know'. Don't believe me, go see how many Billionaires live in Russia.

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