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Toddo On TV: The 24-Hour Market


Markets, movers and more.

General Motors (GM) is taking another dive today after a call from a Merrill Lynch analyst. Yesterday the stock was -- get out of town! -- up after better-than-expected sales numbers. Toddo wonders, Is this a 24-hour market?

The crude oil story? Yeah, it's not going away. Luckily, either is Toddo. A confluence of factors are behind the action: global demand, supply constraints, speculators, technicals and geopolitics. How do you spell relief? H-i-s-t-o-r-y. Maybe. If you look at the last ten years, notes the Minyan-in-Chief, NASDAQ, Homebuilders, China and crude have the exact same charts with oil now at levels where other bubbles burst.

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No positions in stocks mentioned.

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