So here we are again, with more hysteria about the price of gas. Yes, it is important. Yes, it is feeding inflation. No one says it isn't.
But such reaction on Wall Street! It's not like China has agreed to give us all its tea. There is some movement in the price of gas and everybody acts like it is forever. Newsflash: commodity prices go up and down. It happens all the time. In fact, it happens every day. You really can't go reading into a single day's price.
Personally, I think Wall Street brokers and bankers really need to go to the track. They are adrenaline junkies. Just be honest about it, and stop dragging the NYSE along for the ride.
You know, I'd like to see a reality t.v. show where the financial talking heads of the '90s are cornered and asked to justify their incorrect predictions. It could get really ugly. Maybe people who lost money on their advice should be there, too. Hmmm.
Of course, I have the burden of always being right. I should take the time to introduce myself to Alan Greenspan.
Econo-Girl has stopped sending her daily hate mails to CNN Money. None of them were answered. Is Econo-Girl getting soft?