Wednesday, May 7, 2008

Wall Street Journal: Self-Fulfilling Prophecy

"Oil futures shoot up to nearly $123 a barrel after a Wall Street prediction of much higher prices."
<p><a href="http://feeds.washingtonpost.com/~a/wp-dyn/rss/linkset/2005/03/24/LI2005032400102_xml?a=BhOJe4"><img src="http://feeds.washingtonpost.com/~a/wp-dyn/rss/linkset/2005/03/24/LI2005032400102_xml?i=BhOJe4" border="0"></img></a></p><img src="http://feeds.washingtonpost.com/~r/wp-dyn/rss/linkset/2005/03/24/LI2005032400102_xml/~4/284848247" height="1" width="1"/>

http://feeds.washingtonpost.com/~r/wp-dyn/rss/linkset/2005/03/24/LI2005032400102_xml/~3/284848247/AR2008050600498.html

I have an idea: Why don't they predict lower prices so that prices will be lower?
I love the idea that people are buying oil at higher prices on the fear that prices will be higher.

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