Monday, December 15, 2014

Which one is it CNBC, is cheap oil good for the economy or bad for the economy?

 I'm not understanding this. Oil is falling and CNBC says that's a bad sign for stocks? These are the same "experts" who said high oil prices could kill the market rally? Maybe they just don't know what they're talking about. Falling oil prices are great for stocks and the consumer who will have more money to spend. And when oil goes to $45, where it should be, that will be great. I'm supposed to feel bad that oil stocks which were in the stratosphere when oil was $150 a barrel under Bush Jr, are now taking it on the chin? Well boo, hoo, hoo, oil majors republicans like to keep oil over $80. Now's our time. When oil is at $45 or less its a good deal.

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