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Gems Correction

Prices were driven lower ultimately, buy high sell low, because the Al Queda operatives were trading heavily at non-market driven prices. They wanted liquidity and cash fast. The market was distorted.

I am not mad at any of the above. These are examples of market distortion. Granted they are not good things. They are reasons for considering limited oversight. If Walmart begins to rape and pillage, I might get mad. If a rusty oil tanker breaks apart and sinks next to my favorite beach, I might get mad. I am already mad at Al Quaeda for attempting to blow us all up. As to OPEC, I have a question.

by a reader on Mon, 05/10/2004 - 14:12

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