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OILX - No The Oil Companies Will Not Pay You To Buy Gasoline
UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B
Seriously, Marketwatch? Shame on you, CNN and CNBC. Cramer, please flurry about and scream it to the heavens; I like good theater. Only - it just isn't that important.
Ask yourself this. If this was such a world-shaking event, don't you think oil company shares would have plummeted apace? They were down today - more because people panicked than because any of the energy firms lost a buck, a pound, a ruble, a dinar or a sou (if you remember those) as a result of this, as one scare headline proclaimed, "300% loss."