10/28/2004

The videotape........FOX has it and is running parts of it. A big nothing. Some nutcase who may or may not be anybody making Crips and Bloods threats. Who cares?

Word is that the fake explosives story is hurting Bush. Sorry, but he is an asshole. The same bungling staff that can't communicate anything can't issue simple rebuttals to a fraud. Bush appoointed all of them and if he loses it will be his fault. Same observation can be made about a Kerry loss. Neither of these guys is much If Bush wins we will still be cursed with that incompetent White House communications unit; if Kerry wins we will be cursewd with a bunch of liars.. Jesus, what a choice.

Oil drops, so what gives? First, all long specs take profits some time and thevery large inventory reports made many bail. Then we have stops being hit; sell stops below the market. There is a storm of conjecture regarding a monster amount of sell stops below $49 and it is the nature of an auction market to lean against the highs and lean against the lows. We could see oil in the low $40 range. Will it stay there? Who knows? It's a cinch the Arabs would like to see oil in the $35 range because higher prices will bring huge energy savings by everyone.

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