Quote:
Originally Posted by GoinAllTheWay
I realize this is posted to try to explain why it happened but it's just the cirucumstances of why. Someone "thinks" something will happen and prices rocket up. No idea if it will happen for sure or not but lets jack up the prices just in case. I honestly can't put into words how much that gets to me. Even moreso when you consider the fact the the reverse will never happen.
|
Exactly.
How does the suspicion of a single Morgan Stanley analyst cause the price of oil to jump $10? It seems like if someone says "The price of oil will reach $300, by the end of the year", the people trading the futures, would make sure it happened. It's like a self-fulfilling prophecy.
On my CNN business reports, I always see notices about how every month, US National reserves are always "Higher than expected", so the price goes down a few dollars. But then "something" happens, and the cost jumps 3x what it dropped the day or week before. 2 steps forward, 1 step back.
Eventually, the price will have to come down. it's almost like the people selling and buying are seeing exactly how much the market can take, and testing the waters.
There has to be something fishy going on. The market is completely out of whack, the littlest speculation of someone sneezing causes the price of oil to jump. We as the general public will never know, unless someone somewhere blows the whistle, if there is even a whistle to blow.