Jerry Moore

Thursday Abbreviated Market Summary

The 5 week rally was based on a combination of hope and jawboning from the government. Nothing wrong with either but it is too early for a sustainable rally. As long as the unemployment keeps climbing, we haven't gotten to the bottom. Hope may spring eternal by I'm still short for now.

Kick Consumers While They're Down: Oil and Gasoline Diverge

Yeah, I'm sure that a lot of people have noticed the same thing. The question is, "Why is it happening?"

Is OPEC Killing Itself?

To expand on what FrankRichards said above, OPEC has no motivation to help us out because there is only so much oil that they have to sell and when it's gone, they're out of the oil business. By limiting the supply they are making their reserves last longer and maximizing what they can sell them for. If I were them I'd do the same thing.