Wednesday, December 1, 2010
Stock rally today
There's a nice rally going on in stocks, but I also notice that oil is jumping too. Let's see if that pattern continues. It's not for nothing that oil reached 150 dollars per barrel in 2008. The energy problem has not been solved. How can the economy withstand very high oil prices? It can't and it won't. Any rally will be short lived as it will also whip up inflation fears eventually. That's my prediction. Let's see how that turns out.
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