Thursday, June 26, 2008

Peculiar Markets

Today an interesting thing happened. It seems that because the Fed did not raise rates yesterday the dollar slid. Then because the dollar slid the price of oil jumped. Next because of oils jump the stock market slid. Or at least this is what is seems to me. Could the answer be for the fed to raise rates which would increase the dollar, which would push down oil, which would push the stock market up?
Craziness. Its kind of like Dr. Egon Spengler telling us to "cross the streams" after the don't cross the streams because, "Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light" speech.

1 comment:

KandK said...

The whole stock market thing is driving me crazy...the guy on the news just told me not to worry or freak out...even though it is the 2nd worst June since the depression!!!