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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (69237)4/23/2004 8:17:34 AM
From: Real Man  Read Replies (1) of 94695
 
Yep, there is no inflation threat, we should believe
Greenie and BLS, not the pump -ggg-

From Fleck's Rap Yesterday:
"Preopening, the March PPI was released, showing a gain of 0.5%. And, to illustrate how absurd government statistics are, the BLS claimed that gasoline prices were down 2.8% year-over-year in March (whereas gasoline at the NYMEX is up about 25% in the last year). Anyone pulling up to the pump knows that gasoline hasn't gone down since March 2003. I guess we must all be driving new, improved mentholated gasoline, and that's why the price went down, since it's so much better smelling than what we formerly used."
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