RE:Great day for BTE but,Is there a thumbs down button?
Tradinghands wrote: BTE is having a great day but the markets are running on the hopes of 2% inflation so how can inflation be lower with high Oil prices because it the one thing responsible for higher food prices down to building materials plus Oil would have to be at $55 a barrel to make any difference. They will probably see that they might have to increase interest rates like they did in the 1980's to bring housing to food lower, higher Oil is great for BTE but this market rally might have the wind taken out of the sails at some point. This is a classic GREED market with major companies selling shares to capitalize off these highly inflated share prices or the current laying off of every major company is another troubling signal for the future and they know that they need to respond ahead of a major weakness.