What I Know
Among today’s financial headlines is the prediction that stocks will rise today because traders are optimistic about the Freddie and Fannie takeovers. The articles I read commonly noted this optimism, but none of them explained to me why government intervention was cause for optimism.
Strangely enough, another headline noted that oil was trading lower today, even though dangerous Hurricane Ike was moving into the Gulf of Mexico and might threaten oil production in the Gulf. In contrast, about a week ago when Hurricane Gustav moved into the Gulf, oil traded higher. No explanation for the contrast from week to week was offered.
I Just Don’t Get It
The forces that...