Quote:
Originally Posted by Bill14564
Apparently, I made an incorrect assumption. For clarity, what were you referring to when you wrote, "did anyone except the catastrophic damage would be evident on January 23?" If not the market reaction then what exactly was the catastrophic damage that was evident on January 23?
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The "catastrophic damage" (hyperbole, I admit), referred to future oil prices, future inflation and further dependence on foreign oil. The stock market does what it does, sometimes independent of current economic reality. Sorry I wasn't clear