The newspapers and TV channels reported the Dow 15,000 story last week as though it were just a stepping stone on the way to 16,000… or 20,000… or 30,000.
Heck, the sky’s the limit!
Investors have reached a new level of bullishness. They’re borrowing again to buy stocks, confident that prices go in only one direction.
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U.S. Shale Gale vs. the Debt Leviathan
The wind was blowing so hard on the banks of the River Thames we had to replay it a few times to hear correctly.
“The need for OPEC to…”
We turned up the volume some more…
“The need for OPEC to be a player in the U.S. oil market isn’t really there. We’re not going to be depending on them like we used to.”
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