Guest Post by David Haggith
I don’t know if it is the bots — designed with their creators’ imperfections built in — or human buyers who are so desperate that they actually priced oi-company stocks up because of an increase in oil prices that everyone knew wouldn’t last a week.
We all know that Iran is going to immediately flood the markets with even more oil, driving the price back down. So, in anticipation of that day, oil prices and stocks went into convulsions the next day (Friday) and fell of a cliff. I half smiled at how quickly it went down as I drank my morning coffee and read the news on the west coast of the Dow already being down 300 points. The robo-rally didn’t even last a day!
Continue reading “The Epocalypse Spreads its Gaping Jaws and Smiles”