Wednesday, May 18, 2005

the market does a little jig

I'm linking to the land of black gold because it is market appreciation week, but mostly because he quotes a cheery snippet from The Jungle Book (old disney)...

The Bare Necessities
Six years of rising oil prices is, by the way, pretty much what we've had from 1999-2005, though the prices rose most at the beginning and end of that period. (You remember what happened around the beginning of that period, don't you?)

It's been an interesting year so far. The past couple of weeks have been particularly interesting. There was clearly blood in the water and probably there was a shark hedge fund feeding frenzy as somebody's positions got bloodied and then shredded by eager dining companions.

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