The market, she's clearly feminine. Jump in oil prices, record trade deficeits, huge consumer debt, and we jump up. I tell ya, it just doesn't pay to be a fundy analyst.
offcourse higher oil prices are good for economy. Why? Here is the answer. To cope with the higher oil, average person will try to work more. If we work more then it means more job will be created and income level will higher. We will put more extra hours, it will increase our industries output. If we have more jobs then it means we have less unemployement. More jobs and less unemployment are sign of healthy and strong economy. So what's wrong and why worry about higher oil prices?
Oil bubble will pop sooner or later. That money will dive into the stock market and force it up. When the market starts going up they will began to sell bonds and hop into the stock market so as not to miss the move. Then the shorts are going have to cover. I have been waiting for 2 years for this market to crater and I have to consider now that it must want to go up rather then down. John