The disaster dovetails with the current end-of-the-world thesis.
Chinese growth is slowing, European countries are struggling to emerge from debt, and expensive gasoline could damage the US economy. If oil doesn't sink soon, we could be in for trouble.
If you jump into the stock now, you'll be at the mercy of the naysayer news flow.
It's tempting to make some purchases, but no market can be trusted without a tangible resolution in Libya.
Fears that soaring crude will take out housing, banks, autos and commercial construction simply haven't materialized yet.
There's enough reserve capacity to offset any major supply disruptions, and OPEC's lack of urgency may be the single biggest sign that the crisis may soon pass.
By virtue of its success, Apple can be a lightning rod for critics. But the best-run company with the best products doesn't need to follow the same rules as everyone else.
How could he be so optimistic? Doesn't the guy read the papers?
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