Friday, March 12, 2010

Oil Shocks... Gary Dorsch writes on the consequences of the Fed's ultra-easy money policies - one is "a surge in crude oil prices above $80 /barrel, - further reducing the purchasing power of Americans’ shrinking wages. Now that oil prices have latched onto the stock market’s joy ride, any attempt by the PPT [Plunge Protection Team] to catapult the S&P-500 Index rally above the January highs, runs the risk of jettisoning crude oil into the $85-to-$90 /barrel region".. http://sirchartsalot.com/article.php?id=127 (4*) - PPT: http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

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