Natural Gas prices have plunged according to Yahoo news. All due to the warm weather we have been having.
On very volatile days in the brokerage business, an options trader, Elvin, who sat next to me, would, in moments of extreme volatility, just stand and intone "Vol--a--tility." We all would smile. Volatility is the magic that makes option traders rich. In a market that fluctuates from $15 to $10 in a couple of days, it is a sign that in an area that is in the public trust, speculation has gone amuck.
Reflecting on the warning from "Mark" about speculation in the energy markets and the thought that this may be all manipulation, the Observer is more cynical each day about what is happening. I am sure that re-regulation is the answer.
Click on the post for the whole story in Yahoo news. What do you think? You make the call.
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