Re: Gas Prices
Well the hurricane isn't a surprise. It's been factored in ever since people knew it was going to hit. Look back a few days, thats when the stock market dropped. When something's happening it's already old news.
Since then consider the news: When it hit it was only a category 3, it missed the middle of New Orleans, it won't cost insurance firms as much as they thought, the US is releasing emergency oil stocks lowering the price of oil. Hence the market goes up on the 'good' news.
What did you expect the entire world just to stop as something bad happened in the US? Did the US stop when the earthquake hit Bam killing tens of thousands? Life goes on, and part of that life is the stock market.
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