Yesterday marked the one-year anniversary of the bear market low in stocks and the subsequent bull rally. Therefore, a review of where we were, where we are now, and, importantly, where we are likely to be headed, seems to be in order. To refresh your memory, let’s go back to March of last year...
Someone help me out with this one. If, as the true believers in the purity of market forces say, the price of oil is a function of supply and demand AND considering the fact the US economy consumes more oil than any other country in the world, then how does one explain the accompanying chart from today’s...