Feeling Increasingly Energetic
As we move ever closer to the new year, bonds have drifted lower as investor confidence in the government's ability to get a fiscal cliff deal done has wavered. Gold has been pulling back for some time on fears of a continuing weak economy. Even the stock market has slipped in the past week. Crude oil has also been weak, as futures have traded off the highs and bounced between $85 and $92 or so for the past few weeks. The markets seem to be saying we are going to do a fiscal Thelma-and-Louise and go off the cliff into recession.
I have no clue if we will or not. I suspect we will, or at best, the politicians will come up with a compromise that no one wants and which will further unsettles the markets. I do know that fears of economic weakness and subdued demand have kept a pretty firm lid on energy and energy stocks, and at this point, many of them are just too cheap not to own going into next year....685 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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