A diary of the thought process behind my investment decisions
The market is having a Lehman Brothers moment with BP. I am having a tough time wrapping my arms around why the market is so scared of BP. The company earns $20 billion a year, which should be enough to cover lawsuits, which will take years anyway. The market acts as if bankruptcy is imminent. It makes little sense to me but the market does not care what makes sense to me. Have a good night.