“The realization that has moved into the market is that the price of oil will probably decline, and that the impact of Katrina, as horrible as it is to the people in the Gulf area, is not going to impact the economy in too great a way. Therefore, investors are comfortable with the prospect that growth is going to be pretty strong.”
“Energy stocks have been on fire, and the big gains they've posted will more than offset what people (who own these stocks) have been paying at the pump.”
