Ouch! In a sort of crude way (that was funny, wasn't it?), consumers are watching the DOW flirt with the 10k level, but they're also seeing oil prices begin to rise to prices not seen in over a year.
Message Posted: Nov 10, 2009 5:30:45 PM
It's a painful event for me to see- the economy is showing signs of recovery, the stock market is rebounding, but we're missing some key ingredients for a sustained rally in everyone's investments- a healthy U.S. dollar and affordable energy. While many would say gasoline prices are "affordable", one should remember how many people are still jobless- how is someone with no income supposed to be able to offset rising gasoline prices?
In more bad news for consumers, we also received a terrible report from the Department of Energy ...
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