Simple's Green Room

[pennies2007]

Yep. The news is really just an excuse. What actually happens is that a group of big money boys decided they want to move a pair hard in one direction and no one has any real explanation, so they blame something in the news.

Take the story on oil supply for example. There's still a ton of oversupply in the market...nothing substantial has changed...yet oil has rallied from $26 a barrel to $36 a barrel in a short period of time.

The drop in oil wasn't fundamental...it was just a group of powerful trading institutions who wanted to run it into the ground. The media just comes up with stuff after the fact to explain it.