We explained the meaning of market commentary in the funny papers with a May 1 entry about a comic strip that addressed the real estate bubble. Here’s another one today that displays the presence of a collective preoccupation with the oil markets. Importantly, the latest cartoon take on markets shows that the emphasis in the fever for financial assets has advanced from stocks in 2000 to real estate and oil. When "The Born Loser”says the “trend is always upward,” we can be sure that the trend in gas prices is about where the NASDAQ was in March 2000. This fits right in with the "all-the-same-decline" forecast in the April and May issues of The Elliott Wave Financial Forecast and The Elliott Wave Theorist.
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