President Bush's trip to Saudi Arabia
Leeb's Market Forecast May 20, 2008 by Stephan Leeb
"Well, you can't bully someone into giving you what they don't have. When OPEC runs out of oil, neither threats from politicians nor tantrums from voters will make more oil magically appear.
Worse, if the U.S. Government actually followed through on its threat and withdrew military support from our allies, all that would happen is that our enemies would grow stronger...
In truth, oil prices are becoming the key to predicting the stock market's near and long term fate. Eventually, higher oil prices will become a major drag on stock prices, while any pullbacks in oil will be a welcome relief to the market. We aren't quite at that point yet, but we are drawing closer...."
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