Two charts speak louder than words:
Crude Oil -- Sell, Sell, Sell!
Stocks - Buy, Buy, Buy!
The only fly in the ointment, as I see it, is that as the economy shows signs of life, crude oil and other commodity prices will rebound strongly, fueling more inflation! At some point, the two will reach an equilibrium of sorts!
Thursday, July 17, 2008
Crude Sells Off Again, and Stocks Rejoice
