Two days ago I had one post which said $100 oil is a good idea. Then on yesterday's show Larry Kudlow had a segment on $100 oil being a good idea. Well my reasoning was sound. His reasoning as usual was moronic. He had the preposterous notion that because both oil and the DOW have risen over the past 5 years it must mean high oil prices are good for stocks.
It is such an idiotic notion as to not even warrant a response.
Of course he once again forgot to mention the out of control inflation that we are experiencing and which makes the DOW at 14K equal Dow 10K in 2000 dollars...but you, my regular readers already know this and I need not bore you with the details.
Wednesday, October 17, 2007
Is Larry Kudlow reading this blog?
Labels: $100 oil, Larry Kudlow
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