Two flat days in a run and sideways is still good.
Oil is slightly down and when oil is down the market rarely rallies.
Reuters: Nikkei falls 0.7 pct after rally, exporters slip
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3 comments:
The market runs on OIL. That's why we'll NEVER ever get free of the crap.
Yes out of natural gas, oil, propane, coal - oil is at the center.
I once checked out the top stocks in Norway - all oil companies.
I just tried to super insulate the entrance way to my house. The thing is packed with fiberglass. Plus we put in a "st" door - Obama stimulus - tax credit and such. We have tough winters up here, you guys are probably a little more moderate with the ocean so close.
The thing is oil will eventually run out. The plan seems to be to hold everything by the balls as long a possible.
Until there's low cost solar, people are going to go with oil.
The ocean does moderate to some degree. It's grown milder along the So. Jersey coast since I was a youth. I've been able to grow two species of cold hardy palms in my yard these days since 2000.
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