Short Term Trading Member Forum

[BlissBull]

The price of OIL has not kept up with the rate of inflation over the last 10-20 years

2) The percentage of overall incomes that is spent on oil/energy related expenses is DOWN over the last ten-twenty years.

This oil scare has more bark than bite. The headline breaks to new highs will casue knee jerk reactions to the downside in the market but here is the bottom line...

In the month of February with OIL up about 10 % or so, 87% of retailers reported that their monthly sales will be BETTER than expected.
Also, Job creation expanded at its fastest pace in over four months

Its amzing how many say (incorrectly) that the market is tied to OIL or that the market pullback as oil goes up.
OIl hit highs this week.
The dow made a new 52 week and 3 1/2 year high
and the S&P made a new 52 week high

NOW, post something that shows where OIL is having a negtaive effect on the US economy???

BTW, corporate profits are still expanding also.