6/22/2005

An economy note that only those of us who have traded for a while will tell you. The Norway oil workers are threatening a strike so oil is up. Those assholes threaten a strike every time their contract is set to expire, and it expires at the same time of year each and every time. The traders in the market started to go long from $50 several weeks ago. Now that the strike has been announced? Oil is down. You are totally out of your minds if you trade "the news." Everybody who is anybody knows the "news" long before you do, other than earthquakes and so on.