Oil up 24+% today!!!!!! - GoFuckYourself.com

DateDoc · 09-22-2008, 01:15 PM

Wow - $105 to $130/barrel. Insane. Biggest gain in a single day.

pornguy · 09-22-2008, 01:20 PM

What caused the jump.

DateDoc · 09-22-2008, 01:24 PM

It ended up falling back to just under $121. Reason given for the jump is - steep drop in the U.S. dollar and speculation that the proposal to stabilize the financial sector might help revive economic growth.

bloggingseo · 09-22-2008, 01:32 PM

I am so tired of oil prices and the insanity.

seeandsee · 09-22-2008, 02:20 PM

that is just not normal

teomaxxx · 09-22-2008, 02:25 PM

Quote:

Originally Posted by pornguy

What caused the jump.

the US bailout plan caused a huge depreciaton of USD today.
The depreciation of USD is forcing people to jump in hard assets.
There is no free lunch.

Mr Pheer · 09-22-2008, 02:29 PM

Bush is causing as much damage as he possibly can to our country before he leaves office. I hope all you guys that voted for him are proud of yourselves.

Barefootsies · 09-22-2008, 02:42 PM

Quote:

Originally Posted by Mr Pheer

Bush is causing as much damage as he possibly can to our country before he leaves office. I hope all you guys that voted for him are proud of yourselves.

You...

need to stand up, and start a revolution.

sweetredhead · 09-22-2008, 02:47 PM

I'm totally scared of my oil bill this winter, not going to be pretty

zEn84 · 09-22-2008, 04:06 PM

Its because of the traders who are no longer able to short the bank stocks. They have to balance their hedge funds, so if they can't short, how else can they drive down price? Buy oil, and short futures. The gov's ban can only prolong this so long.. The market is like water, it will always find away..

marketsmart · 09-22-2008, 04:32 PM

Quote:

Originally Posted by sweetredhead

I'm totally scared of my oil bill this winter, not going to be pretty

i trade oil for blowjobs.... something for you to think about...

Manowar · 09-22-2008, 04:33 PM

Someone made major pay today

Furious_Male · 09-22-2008, 04:45 PM

The October crude contract expired today forcing shorts to cover on what was already low volume trading. It resulted in an interesting spike. It will settle back down.

marketsmart · 09-22-2008, 05:21 PM

Quote:

Originally Posted by Furious_Male

The October crude contract expired today forcing shorts to cover on what was already low volume trading. It resulted in an interesting spike. It will settle back down.

i dont know.. there were a lot of people and corps dumping money markets the last few days..

hard to say whats going to happen this week..

i think it will take at least a few weeks for the markets to settle down...

there is already talk that the bailout isnt close to being enough...

the currency markets have been very nice though... lots of smooth ups and downs...

dav3 · 09-22-2008, 05:43 PM

Bullshit excuses to keep oil profits maximized.

SomeCreep · 09-22-2008, 07:35 PM

The media and wall street would have you believe that the world is coming to an end.

Uncertainty and fear are what is responsible for all the volatility we are experiencing with the price of oil and equities, much more so than an actual "bad economy."

This is the time when smart investors start building up their positions in good companies. Of course you hear nothing about that in the media. Everyone is like sell, sell, sell.

6 - 12 months from now, when we're back in a bull market, and stocks are 25% more expensive than they are now, that's when all the newbies and amateurs will start buying and when all the smart investors will be selling.

09-22-2008, 01:15 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Oil up 24+% today!!!!!! Wow - $105 to $130/barrel. Insane. Biggest gain in a single day. __________________

09-22-2008, 01:20 PM	#2
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	What caused the jump. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

09-22-2008, 01:24 PM	#3
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	It ended up falling back to just under $121. Reason given for the jump is - steep drop in the U.S. dollar and speculation that the proposal to stabilize the financial sector might help revive economic growth. __________________

09-22-2008, 01:32 PM	#4
bloggingseo Confirmed User Join Date: May 2007 Location: Austin Posts: 1,793	I am so tired of oil prices and the insanity. __________________ Writing mainstream and adult since 2003 Hit me up ICQ 375089597

09-22-2008, 02:20 PM	#5
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	that is just not normal __________________ BUY MY SIG - 50$/Year Contact here

09-22-2008, 02:29 PM	#7
Mr Pheer Retired Industry Role: Join Date: Dec 2002 Posts: 21,224	Bush is causing as much damage as he possibly can to our country before he leaves office. I hope all you guys that voted for him are proud of yourselves. __________________ 2 lifeguards for Jessica

09-22-2008, 02:47 PM	#9
sweetredhead Confirmed User Join Date: Jun 2008 Location: New York Posts: 443	I'm totally scared of my oil bill this winter, not going to be pretty __________________ Brooke [email protected]

09-22-2008, 04:06 PM	#10
zEn84 Confirmed User Join Date: May 2004 Location: BC Posts: 484	Its because of the traders who are no longer able to short the bank stocks. They have to balance their hedge funds, so if they can't short, how else can they drive down price? Buy oil, and short futures. The gov's ban can only prolong this so long.. The market is like water, it will always find away..

09-22-2008, 04:33 PM	#12
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Someone made major pay today

09-22-2008, 04:45 PM	#13
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,881	The October crude contract expired today forcing shorts to cover on what was already low volume trading. It resulted in an interesting spike. It will settle back down. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

09-22-2008, 05:43 PM	#15
dav3 Confirmed User Industry Role: Join Date: May 2007 Posts: 7,348	Bullshit excuses to keep oil profits maximized. __________________ Webmasters :: Juicy Ads :: ACWM :: Crak Revenue :: Money Tree

09-22-2008, 07:35 PM	#16
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	The media and wall street would have you believe that the world is coming to an end. Uncertainty and fear are what is responsible for all the volatility we are experiencing with the price of oil and equities, much more so than an actual "bad economy." This is the time when smart investors start building up their positions in good companies. Of course you hear nothing about that in the media. Everyone is like sell, sell, sell. 6 - 12 months from now, when we're back in a bull market, and stocks are 25% more expensive than they are now, that's when all the newbies and amateurs will start buying and when all the smart investors will be selling. __________________ Webair Hosting I use and recommend Webair for hosting.