Storm Cat

Petroleum Inventories come in much higher than expected. Crude +6.7M vs. consensus of +1M. Gasoline +3.3M vs. +0.75M. Distillate +1.8M vs. +1M. Feb. crude futures dive, -5.8% to $45.74.

I agree with Hoover ... this small equity rally we've had the past few days (until today) has people believing we've seen the worst of this depression ... unfortunately I think there is another shoe to drop (think credit card debt, Alt A resets, etc)