According to the often stated (at least in this blog) Scott Adams Theory of Predictable Disasters, this would be an excellent time to buy stock in BP. Yes, yes, you'd vomit in your own mouth when you executed the trade, but follow me on this argument.
The financial wonks will tell you that the cost of the clean up and settlements are "already baked into the stock price." That's probably true(ish). Still, no one can really predict how much this thing will cost BP in the end. The stock could s...
Published on May 12, 2010 01:00