Lets see what the latest headline does for the market. Crude closes at all time record high, north of $90 a barrel
Just cut rates to 1% and get it done with. Didn't think 180 would happen again today. Damn Dow will finish up 100 probably. Yippy oil is at $90.
It doesn't matter what oil is at for the most part in terms of USD. $90 isn't anything since the oil/refining companies are going to be adsorbing most of that cost before it gets to the pump. People continue to bitch-and-moan citing "$90 dollar oil" and "China's booming economy" or any of a million other things. One thing I have noticed is that all the Chicken-Littles see only one dimension of the markets, and they continue to cite how bad things are because of "X" where X is any combination of the following: -Housing -Oil/Energy -(un)employment -Whatever War is popular this week -Any GDP number refinement -Any other economy that is in hyper-inflation. One hour to go now; several hours and 6 posts ago I called for a positive close with -100 on the tape. People need to relax a bit and realize why things are happening the way they are.