Rusted Sky

Stocks jump as crude drops $3 a barrel: Financial News - Yahoo! Finance

Stocks initially fell on uneasiness about the continuing impact of the housing market downturn and the credit crisis on financial company earnings. Disappointing results from American Express Co. and Wachovia Corp. fed those worries.

But a $3 drop in oil -- which took crude's decline in recent weeks to nearly $20 a barrel -- persuaded some investors to wade back into equities.

Did we start drilling in ANWR? No.
Did Pelosi melt down when someone threw a bucket of water on her? No.
Did Pelosi get legislation passed on speculators? No.

Did Bush announce he was going to drill? Yes.

Of course, the first three things are probably MUCH more important than the fourth...

J.