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15 October 10,000 vs. $75... And The Winner Is...Yesterday the Dow crossed 10,000 for the first time in a year. What could trump that?
Oil crossing $75 for the first time in about a year, too.
That's my first tripwire to be cautious about the market.
The next one -- a much more significant tripwire -- is when oil hits $100 a barrel.
At $100 a barrel, Americans -- or should I say those folks that drive 2/3rds of the world's largest economy -- start feeling queasy about all the extra money they're spending.
And we know what happened to corporate earnings and unemployment acceleration the last time that happened. TrackbacksThe trackback URL for this entry is: http://farros.spaces.live.com/blog/cns!5F4CAA948A6830AF!2531.trak Weblogs that reference this entry
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