List - Market Speculation

The other week the President of Iran sent a letter to President Bush. Oil prices dropped somewhere between $3 and $5 based on thoughts that the letter might be friendly to the U.S. The letter wasn't and the price of oil shot right back up. People have been selling stocks based on fears of what the Federal Reserve will do. Fears! That's stupid. Stocks were being sold because of worries about rising interest rates. The buying and selling of stocks and commodities should be based on whether or not the company or commodity is doing well and should not be based on fears, worries, and intangibles. Market speculators will be on the List for life.