Thursday February 16, 2012

Japan stocks rise as GM bankruptcy lifts cloud

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    bonym

    "Japanese stocks extended their winning streak Tuesday, lifted by encouraging U.S. economic data and relief that the fate of General Motors Corp had finally been clarified."

    Awww baloney ! Who writes this stuff anyway ? Stocks in both the USA and Japan are reflecting stable oil prices ! Nothing more, nothing less. With the summer vacation season (Americas largest industry is tourism...not autos) about to unfold wary travelers are watching the pump prices. Right now oil is below $65 a barrel and thats good for both travelers and factories wanting to ramp up production during the summer. Forget all this nonsense about GM. Nobody, and I mean nobody is getting into or out of the market on any news related to GM ! You wanna play the market... follow the oil ! Don't believe me ? Pull up a few charts and just see how they mirror each other... and this goes way back to last April when oil was flirting with $100 a barrel. In summary, oil prices go up, the stock market goes down... and vice versa, easy stuff. Now get out and invest... oil has dropped this morning stateside !

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