Energy: Next support is 51.03 or thereabouts; currently trading at 55.55. Then we will see if Phil Flynn is correct and that the market is going to go much much higher. Stay tuned. Gasoline should be selling in your area for $2.06 plus tax---ho ho ha ha.
Well, here's one guy who thinks new Fed Chair, Bernanke's, past record of printing money will surface once again and.....
So, at latest by the middle of next year, I would expect the Bernanke money printing press to shift into high gear. This should lead to more consumer price inflation, a weakening US dollar and tumbling bond prices. From a longer term perspective, I expect Mr. Bernanke will be the greatest disaster that has ever hit the US bond market in the 200 years of capitalistic history.Just one guy's opinion, but under the surface there's a lot of nervousness about Bernanke. The author of this rant is a very negative market guy, always seeing the quicksand instead of the beach, but the SOB has been right a lot of the time.
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