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Reply #2: "When people sense that someone is short..it's like blood on the streets" [View All]

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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 03:57 PM
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2. "When people sense that someone is short..it's like blood on the streets"
Oil spikes $25 a barrel on anxiety over US bailout

13 minutes ago

NEW YORK - Oil prices spiked more than $25 a barrel Monday — the biggest one-day price jump ever — as anxiety over the government's $700 billion bailout plan, a weak dollar and an expiring crude contract ignited a dramatic rally.


"When people sense that someone is short, it's like blood on the streets. It just accelerates the rally," Flynn said.



http://news.yahoo.com/s/ap/20080922/ap_on_bi_ge/oil_prices



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