[Iwentsouth]

These good ole rich boys would not be trying to scare the little people because of politics now would they?

[JeffersonRepublic.com]

"These good ole rich boys would not be trying to scare the little people because of politics now would they?"

You're right to some extent, but these "good ole rich boys" trade in short term commodities. They leverage their money by buying and selling option contracts which is most profitable in a volatile market. These jokers are using the media to cause volatility or add to it, so they can make more money.

They do the same thing in the currency markets - short the dollar then hit the financial cable shows with doom and gloom about the US dollar.

[WOSG]

"These good ole rich boys would not be trying to scare the little people because of politics now would they?"

My guess is they are doing it for the MONEY ... they already have their oil futures SELL orders in as they run it up with their talk.

Reminds me of the internet bubble, when absurd prices were thrown around, an analyst would make a comment, stock would jump ... and the borkerage would be dumping the stock on the lemmings.

This is known as a "PUMP AND DUMP".