Oh i dont think its that ominous.
Plenty of hedge funds are making record profits.
New Cars are being build that are more fuel efficent driving another buying surge. People are selling their SUV's for compact cr.p we got in 70. Just another cycle, first oil co's get money, then car manuf. adjust by building compact death traps.
Plus its a nice back drop for pushing for new exploration for the oil co's...
It's all good volatility brings profits...
"It's all good volatility brings profits... "
Profits for some....... at my expense. I don't see my hedge fund growing accordingly, savings account earning more interest, but that $50.00 dollar bill to fill my truck compared to $30.00 less than a year ago is less money I have to spend on consumer goods, eating out, grocerys, movies.
I see none of those profits for others coming back to me anytime soon. In fact..... I predict..... once the money is gone, it will not return to my wallet. Some CEO will get it in his fat bonus.
Waiting for the final, ugly relaxation. There is only so much froth all the speculators can push. At some point, most market players will catch on and will run for the door. Good. Especially the frothers who come here to FR - they deserve it the worst of all!
"Oh i dont think its that ominous."
If you can afford to pay high prices for gasoline, heating oil and othe oil-based items, of course is not omnous to you.
But for the country at large it is a very ominous sign of worse things to come.