Melancholy Korean

Weekly Market Outlook: June 30th - July 4th

"we finally got a surprise build in oil inventories and even with that, prices were able to move higher. Generally when bearish news is ignored and prices trade higher it should tell you that prices are moving north."

Hmm... I wonder what the absolute top is gonna be. 200? Not 250. No way.

Uh, right?

Inflation Triangle Dilemma: Dollar / Oil / Euro

I'm sensing a new contrary indicator--moronic commentators. Oil must be nearing its high and the dollar close to bottoming, if this is your new demographic.

Anyway, nice article. Triangle is exactly right. Why Tricky can't hold steady and let the differential tighten, or at least stay constant, is beyond me. I'm sure Bernanke would love to raise rates to catch up and is looking for any sign of strength to do so, but the frog wants to play tough guy, I guess.