>>> dhenwood at panix.com 09/13/00 01:09PM >>>
Michael Perelman wrote:
>An oil shock would not be considered inflationary.
The conventional thinking on the oil rise on Wall Street now is that it's a "tax on consumption" rather than a spur to inflation - and therefore rich with good potential, since it'll slow growth, and disincline the Fed to tighten further.
In a bull market, everything is bullish.
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CB: Don't these bulls ever take a shit ?