Can you believe this stock market? Don’t. It is all an illusion created by [evil] central bankers, intent on making you feel good. Or at least making fund managers and other money people feel good.
We’ll be posting more tomorrow evening when the stock market is closed for the week, but we are astonished at the upward movement in the stock market in the face of increased foreclosures, still declining residential real estate market and increasing unemployment, called a ‘spike’ in one wildly-spinning headline on Google, but toned down for the actual Web story.
For now, we’ll say that it looks as if our MPI is going to do pretty well, since we have 40% of our five stock picks in petroleum (COP and CVX), which we consider energy.
We would have had more, but as loyal readers will recall, we got mad at Exxon, “sold” it and “bought” CocaCola. It still looks like a good move. To test that statement, we recommend that you run a comparison of the two stocks on Yahoo’s excellent finance page.