O’Reilly’s a liberal too, occasionally
Liberals like to draw conclusions first, then determine the causes that fit them. Bill O’Reilly does this whenever he talks about oil prices or oil speculators. Tonight on the “No Spine Zone” he went back to this nonsense about speculators controlling the market:
“Speculators run it up, then they run it down.”
Bill, why don’t the speculators just “run” the stock market in one direction? Why don’t they just run it up and up and up? Everyone’s 401k will increase, Americans will be happier, and they’ll be richer.
Bill’s answer would be, “Well they can’t run it up forever.”
“Why can’t they Mr. O’Reilly?”
“Because the market won’t let them.”
And that’s the only thing that controls the market: the market itself.
These magical speculators he pontificates about get hosed probably around 50% of the time (as you would expect). Not to mention O’Reilly is a speculator. I’m a speculator… you’re a speculator (if you own any stocks or buy anything). You speculate every week that gas prices won’t go up. That’s why you don’t hedge yourself by buying oil stocks. The profits of oil going up could offset your gasoline costs, if only you weren’t SPECULATING it wouldn’t go up, you evil SPECULATOR!!!
Well did you see 60 minutes last week? Guess that “evil speculator” Bill O’reilly was right about speculators. Guess that means whomever wrote this silly article is definitely more liberal than O’reilly and would fit right in with prince Harry and the far left fanaticals.
Your contention is I am more liberal than Bill O’Reilly because I jumped to a conclusion? Your premise is illogical because you fail to disprove my point. Speculation is not a science. Its SPECULATION. Guessing. When you guess, sometimes you guess wrong.
The fact that 60 minutes said something does not make it so. One statement says it all: “All they do is buy the paper and hope they can sell it for more than they paid for it.” HOPE they can sell it? Sounds like he admitted speculators are hoping, not making, the market goes in the direction they speculate it will. If you listen carefully, you’ll hear the guy being interviewed say that the speculators “make money with the market going up and down.” And they lose it with the market going up and down. Its appalling that 60 minutes even aired the segment. Speculators can make money and they can also LOSE MONEY. This is so basic, I can’t believe I’m clarifying this.
Lemme ask you this… who is buying the oil futures from the speculators? Are they “non” speculators or are they evil speculators as well? Who are these evil speculators buying from?
Your comments fail to acknowledge the basics of market economics. In any stock or commodity transaction, someone is buying and someone is selling. You can’t say that one group of people is stealing a bunch of money because there are two people in every transaction. Which one are you claiming is the evil speculator? The one that makes the profit? If so, then you are essentially saying profit is a crime.