Half Full

Below is a post I made in the blog on Friday. I was just looking for something when I noticed it and I can't help but wonder how people can refuse to accept that the market "is what it is"...

I am not sure that anyone else will appreciate this but...I get alerts from a number of news sources for "major" market events. This helps me stay on top of what is being focused on by the Street. Today I am getting inundated with alerts for crude.

With crude at a new high, each tick higher is another "new high". Here is the question I have - Am I going to get email for each of these ticks or is "someone" out there now deciding when an uptick is "significant" enough to warrant an alert?

What makes this whole situation even more interesting was a news segment I caught earlier this morning. The commentator was explaining why there was no "real/legitimate/fundamental" reason for oil to be this high.

The argument seemed very convincing. Enough so, that I thought about trying to pay only half of what was on the pump this morning when I filled up. If there was no "real" reason for gas to be this high, clearly the station owner would accept the partial payment and allow me to use the "rest" of the money to pay for other needs. Right?

Yeah, I didn't think so either...