2008 REDUX

Gas prices are the highest in history at this point in the year, except for 2008. That was a fun year. Gas prices are already over $4.00 in California, New York and Chicago. I wonder if history will rhyme? If Iraq blows sky high or a couple of large hurricanes drift into the Gulf of Mexico, the resulting oil price spike will ignite a new conflagration that will make the 2008/2009 implosion look like child’s play.

7 thoughts on “2008 REDUX”

  1. In1987 the machines were doing the selling, this time it’s different, as more investors are participating in the bubble. They have forsaken all retail buying to invest in the market, it’s irrational exuberance all over again.

     

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