Wednesday, February 06, 2008

Scapegoat Oil

Here is a Bloomberg Headline: U.S. Stocks Retreat After Crude Oil Prices Drop, Macy's Cuts Its Forecast

I know the writers need to say something, but I kind of get tired of this. Why does oil have to take the blame everytime the market goes down? Stocks decline on higher oil? Stocks decline on lower oil?

For once I'd like to see the following headline.

US Stocks Retreat for No Good Reason.

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