Thursday, December 18, 2014

Oil Prices Down ... Stock Prices Up ... This Is Fun

It's been another good day for American consumers and individual investors.

Oil prices dropped more than 4% today and no end to the decline is in sight. How low they will go, nobody knows. See Oil Prices Resume Slide.

And the Dow added another 421 points, or 2.43%, to its huge 288 point increase yesterday. That's a two day increase of 709 points. How high they will go, nobody knows. See U.S. Stocks Jump on Fed Reassurance.

While nothing about the future is guaranteed with respect to what will happen tomorrow, next week, or next year, things look good for the home team U.S.A. as we exit 2014 and prepare to enter 2015.

Specifically, it's very likely that we'll see continued good news about the U.S. economy, oil prices, stock market investing, inflation, interest rate and even the geopolitical fronts.

Europe and Japan will benefit from lower energy prices, and the real wild card for global stability will be what, if anything, the Russians and OPEC countries try to do about oil production, of course.

But all in all, things look good.

That's my take.

Thanks. Bob.

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