Oil is now trading well north of $100. Even with a devalued US Dollar, this is relatively uncharted waters once again for global markets.
At some point, the Rock (oil) will trample the Scissors (the FED) that is printing money to boost the economy (paper).
The rally in stocks now going on for the better part of two years is looking long in the tooth with oil above $100.
All that said, this weeks Stocktwits 50 is full of oil, fiber optic and semiconductor names. The trend is your friend and calling tops or bottoms is silly with all the momentum out there.
Correct me please if I am wrong, but I was reading that the USA has 9 cities with 1,000,000 plus people and China has 220 cities with 1,000,000 plus people. Wow.
As hard as it is to game American markets, the Chinese, Russian, Indian and Latin American boom and bust cycles have added so many layers of complexity to the global markets. The world is more connected than ever, but while Google, Twitter, and Facebook rule the United States, they do not rule the world over.
Apple has a chance.