Stocks fell for a second day today on information regarding banks & the auto industry. After a two month rally, stocks have seen losses the past two days. Although it may seem like a negative economic indicator, the losses are most likely a natural fluctuation in the markets.
Oil Prices Rising Again
As the price per barrel begins to rise again to levels not seen since November 2008, there is a debate whether the rise is positive or negative news for the economy.
The rising prices indicate a rise in overall economic health and oil demand, but higher prices at the pump could put a dent in consumer's wallets, as $4/gallon prices are still fresh in everyone's minds.
Oil supply is at the highest its been in years. Oil is going up because big money managers are buying it and driving the price higher. This means big money managers ARE putting money to work and that is bullish for the market. Not good for my wallet, but good for my portfolio!
I thinks it's a good tactics applied by the big money managers. But the how effective it will be is always a question mark. Either the things become better or even worst.
Oil supply is at the highest its been in years. Oil is going up because big money managers are buying it and driving the price higher. This means big money managers ARE putting money to work and that is bullish for the market. Not good for my wallet, but good for my portfolio!
The demand is increasing though now that the international economy is finally seeing improvement. Took a while but it's happening.
Stocks Fall, Oil Prices Rise
Hybrid Mode
