Craziness Continues...

Despite crude oil and the US dollar going largely sideways, the energy sector and basic material sector were the only BIG winners while the rest of the market go dismal with the disappointing PPI and housing start numbers. Both greed and fear were given full play in recent markt conditions. Today's PPI number showed only one thing, that food and energy inflation has reached a point where it can no longer be ignored as some economists cheat themselves using only the "Core Rate" which is ex food and energy. Inflation is a severe problem all over the world right now that can only be resolved when crude oil prices are brought back to sanity again. Until that happens, the craziness can be expected to continue...