35 06.02 N 077 02.56 W
Yesterday morning Bert and I were chatting about the Gulf oil spill as we waited for the fridge to charge up. Bert said that he heard that as far north as Moorhead City, BP had scoured every West Marine and other marine supplier and bought every available anchor. The purported purpose would be to help tie down that massive dome they are lowering over the well head. That doesn't sound very credible; I have a hard time believing it. On the other hand, acts of desperation are often not rational.
On the afternoon news, we heard about a massive drop in the stock market. This time the rumor was that a fat fingered trader typed billion when he meant million. This one sounds very credible. However, nobody seems to know the name of the trader, the commodity traded, which exchange, or who was the source of the news story. Shame shame on all those reputable news organizations that reported it as news. I'll bet a dime to a dollar that this rumor is debunked within a week.
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It's been de-bunked on Market Ticker. Lots of talk over there. Some claim it computer controlled trading.
ReplyDeleteI also don't put any stock in the West Marine anchor caper. The box weighs in a 100 tons. They will use big concrete blocks chained to the corners to keep it in position. Ken