Wrong? Me? No fucking way, but every once in a while I perpetrate a mild misstep, a minor occurrence that might confuse the stupid among you. I have no idea why a very few really smart people read this semi-literate blog but they do. And then they send me emails, communications that never call me things like a fucking moron and shit but pointing out what are in reality just small boo boos in a post. Such is the case of a tiny error within the magnificently written and brilliantly thought out post on markets below in which I indicated that the futures markets are in no way involved in massive market disrupting crude oil speculation. What I failed to mention (because I didn't know it; I always traded on the COMEX in New York and assumed the world began and ended at the Hudson River, above cartoon), anyway I failed to mention that those fucking limey assholes in that shithole London do something called free enterprise meaning that they have no position limits on crude. They allow an unlimited number of contracts to be traded by individual large and small speculators over there, and monster bets have been made on the ICE for massive quantities of crude that could certainly move markets). Many exchanges refuse to obey our rules and thumb their noses at us. It is quite probable that specs have been moving markets, by how much we don't know.

So there, and fuck you......