Stocks Climb As Oil Plunges

[still_one]

This is the headline. What does "Plunge" really mean?

A barrel of light crude lost $1.03 to $71 on the New York Mercantile Exchange.

Remember when they said that oil would not go over 30 dollars a barrel, then 35, then 40, then 50, etc. etc.

This is the propaganda machine the now reports the news, and this is why it is so important that the internet accessibility remain free

http://biz.yahoo.com/ap/060531/wall_street_morning.html?.v=4

[lectrobyte]

1. All is well. No need to be alarmed. It's plunging downward now,

in more ways than you may care to know... All sarcasm aside, I love when prices plunge downward a dollar or two, as compared when they "edged upward" from $55 to $70 / barrel.

[still_one]

3. You expressed so much better than I could have

[jackbourassa]

2. This is what happens

The price surges $5 to $10 a barrel. Falls back about half way, and settles down there. Then it surges another $5 to $10 a barrel.

We're in the settling down stage right now. It seems to have settled at $70 a barrel. Remember when $70 a barrel was huge. When we broke through that barrier after Hurricane Katrina...that was when? SEPTEMBER?????

This puppy is going back up. It'll hit $80.00, then $85.00, then $90.00, then $95.00, then eventually $100.00 per barrel.

[Warpy]

4. Nothing to see, your money is safe with us, go back to work

Stupid has kept his mouth shut about Iran long enough for the futures market to calm down and there is going to be some bargain hunting after yesterday's big drop.

Whether or not the drop will continue is anyone's guess.

However, the trend for oil is basically up because the trend for the dollar is down, thanks to Stupid's reckless tax cuts putting this government close to bankruptcy and his insanity of thinking he can just print money forever.

The next administration is going to inherit one hell of a mess. These people are completely insane.

[rman]

5. $1 "plunge", "tumbles" - LOL

The price can fluctuate more than that within a day.

Wtf do they take us for?