Toddo on TV: Gas Nears Cycle High
Markets, movers and more.
Best. Segment. Ever. Toddo suggests training that creepy gaze on the the Shanghai Composite Index. It closed down 8% last night atop a huge support level.
Buzz & Banter time (who said ol' Toddo can't multi-task?). Conventional wisdom wants to see a stronger dollar to boost equities, which could be a setup for the biggest head fake of 2008. The dollar is down 38% since 2002, whereas the S&P is up 16% amid skyrocketing commodity prices. The initial response to a higher dollar -- and lower crude -- could be knee-jerk, but history and the DNA of this market suggest we should be careful for what we wish.
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