The stock market rally that was fueled by the durable goods news has failed to follow through, and has now moved back to flat, as shown on the left chart above by the turquoise-colored line. Has the stock market sizzle now turned into a stock market fizzle? This is somewhat disappointing.Perhaps the news of Dow Chemicals' 20% price increase has deflated the balloon somewhat, adding to inflation fears. A 20% price increase is a stark and ominous price escalation, and could have strong inflationary repercussions as it ripples through the economy. What other companies will implement similar price increases?
