I must confess...

This Hurricane Katrina coverage is fascinating. I vaguely remember Hurricane Camille in 1969 but the image still in my head of that storm were scary. So far, the best coverage I've seen is on Fox with Sheppard Smith, Steve Harrigan and Orlando Salinas. These dudes are brave...

About Oil futures

I said for months that oil futures are in a huge speculative bubble. It will spike today because of the hurricane in the Gulf of Mexico. Bet that crude tanks and tanks hard by the end of the week after trade find out that there wasn't as much damage to production and refining facilities as they thought.

Prediction

That I hope doesn't come true: the roof on the Superdome will fail.