Morning slump

I do not understand why oil is down today. Explanation I heard is because refineries are off-line, so demand is near zero.

Thats good. Let say refineries will start work after 3 mo. This means great surplus in oil reserves.

However, why stocks are up?!?! Am I the only one who think market with his infinite wisdom is wrong again.

Lets get an example with an airline company. Airline will spend less money for gasoline, but there will be no gasoline... (at least this is the reason they say oil is down)

On top of everything FNM and FRE will be ... merged into company called Franie-stein.

Just listen on Bloombers an analyst who said - Oil is a bubble, we will see $79 before end of the year. We will see also parity between EUR and USD.

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Other articles:

They Could Call It Moronic
http://calculatedrisk.blogspot.com/2008/09/they-could-call-it-moronic.html
Fanny and Freddie merge?!?!

Monday Morning ARGH!
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/monday-morning-argh.html

Strange Days: Futures Drop as Hurricane Nears Gulf
The Wallstrip Blog
http://feeds.feedburner.com/~r/wallstrip/~3/381391721/