Stock market gonna melt up! I repeat myself for emphasis. A falling oil price is bullish for the dollar. A falling oil price could be beneficial for corporate profits especially inside the U.S. Falling oil prices will boost discretionary income just as it removes upward pressure on inflation. The expectation of the coming replacement of Saudi Arabia by the United States as the world’s leading oil producer is bound to be seen as massively bullish. Wake up from the 40 year nightmare of being victimized by the OPEC cartel. Incredible. What’s more that old curmudgeon major oil producers as squeezing ordinary Americans could be by the wayside for the moment. Cheaper gas, cheaper fertilizer, cheaper food, cheaper transportation, cheaper plastics, more money in your pocket!
Posted on: Sun, 30 Nov 2014 06:24:06 +0000