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September 2, 2008
Investors Talk About the Weather, But ...
When investors talk about the weather, should anyone listen? That is the question on many people's minds today after Gustav tracked further west than most hurricane forecasters thought it would, weakened materially before landfall, and generally didn't live up to the "monster storm" billing.
As a result, after rising to almost $120, crude oil has tumbled below $110, making for a wonderful short-selling opportunity if you had decided to fade the forecasters. So, when investors start talking about the weather, should anyone listen?
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