BusinessWeek's current cover. <a href="http://tinypic.com"><img src="http://i2.tinypic.com/xfou11.gif" border="0" alt="Image and video hosting by TinyPic"></a> BusinessWeek's cover storys are often the kiss of death for the markets they cover. Their most famous example was in 1979 when they put "The Death of Equities" on their cover right before the most magnificent bull market. Is it time to short oil using this great contrarian indicator?
November 1997: "THE NEW ECONOMICS OF OIL: With technology dragging down the cost of finding and producing the precious stuff, prices won't rise--even as demand soars." <a href="http://tinypic.com"><img src="http://i1.tinypic.com/xfpzl4.jpg" border="0" alt="Image and video hosting by TinyPic"></a> <a href="http://tinypic.com"><img src="http://i1.tinypic.com/xfq0pz.gif" border="0" alt="Image and video hosting by TinyPic"></a>
You guys got it wrong. Cover stories work against "THE PUBLIC" and "FOR CORPORATIONS". Public is always last to the Ball so they are the fools in the greater fool theory.......... just like these oil prices seen on tV showing prices of $4.28 as an example. Where have you seen prices over $4 in USA excerpt on TV? They set you up ..........