It is useless to predict the market. As the day progresses all types of information from unexpected political events to outbreaks of the swine flu to whatever you can imagine, all of these things affect the investor's mind set and rationale. This in turn affects the direction of the market.
However with oil over $60...
Have you noticed that the price of gas at the pump is creeping up?
Reuters: Stocks futures point to higher open on economic optimism
Oil prices could boost energy shares as U.S. crude oil futures rose above $60 a barrel to touch a new six-month high.
3 comments:
Gas is rising. The OILY crowd is another crazy bunch. We need to do something to start moving off of these energy sources or no matter what we do we'll still be locked in a vise.
Nevertheless, if we think that is our only salvation , Icelands predicament should focus our attention. Iceland is energy independent , it uses it's abundant hydroelectric and hydrothermal energy. It's still an Int'l basket case because of the banks.
Good point - energy is not the solution, just part of the equation.
According to my friends in the know, America has more natural as than it knows what to do with. Its not a renewable, I think, but they have gotten so good at extracting it, they have too much production and not enough storage.
oops meant to say natural gas..
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