Energy stocks have been on fire, and the big gains they've posted will more than offset what people (who own these stocks) have been paying at the pump. |
In the late '90s, if you bought the dip you made money. Then the crash came in 2000-01, If you bought the dips then you just got run over. |
The Fed's been clear that rates are going up to control inflation. Investors are trying to see what that's going to do to the consumer. |
The realization that has moved into the market is that the price of oil will probably decline, and that the impact of Katrina, as horrible as it is to the people in the Gulf area, is not going to impact the economy in too great a way. Therefore, investors are comfortable with the prospect that growth is going to be pretty strong. |
There's a quadruple witch today and there's a lot of cross currents, so I'm not sure we should read too much into what happens today. |
We know that Delavan is a safe place, and we want to keep it that way. The system is working well. |
We're just limping into the new year. |