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To: John Vosilla who wrote (2671)7/11/2011 11:13:17 AM
From: Keith Feral  Respond to of 13719
 
All bets are off as long as oil prices get close to $100. It needs to get back under $90 and stay there. Euro will lead the correction in energy prices which is absolutely necessary to get the economy back on track.



To: John Vosilla who wrote (2671)7/11/2011 11:27:54 AM
From: Keith Feral  Respond to of 13719
 
Outstanding day for the US dollar. 21.79 is just around the corner for UUP, which kicks off a monthly reversal for the dollar going back to last September. Strong dollar = lower energy prices and 3% economic growth. High oil prices = screwflation and 1.5% economic growth.

I'm not sure what relationship the stronger dollar will have to equities, but I'm 99% confident it will lead to better economic growth so long as oil prices aren't going up 10% every other week.


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