| Merle ( @ 2008-04-16 15:00:00 |
| Current mood: | figured it out |
| Current music: | Sting, "We Work the Black Seam" |
and she rises!
Yet again I appeal to anyone with influence within Fox networks: give them a clue. Or a slap. This morning the anchor seemed almost in tears: the record price of crude oil was going to bring the market down no matter what.
Please. Almost every time she says that, she's full of it. Oil and energy are a large part of the stock market out there, and if costs go up, they get passed onto the consumer, with percentages skimmed off -- so of course the market will go up. I used to think the correlation was about 70%, but now I'm willing to raise that to 80%. Lo and behold! Just after opening, it went up a tiny bit. And by the end of trading today, all three major indexes out here are up by over 2%.
All I ask is for a wee bit of competen.. oh, wait. If they tell everyone the wrong thing, those people will lose money, and I'll gain. Never mind. That's a sneaky thing for them to do. See? All you who scoffed at me for watching Fox "news"? It's good for something after all.