Credit: Shutterstock photoOil markets sold off yesterday because the United States achieved energy independence! Yahoo!! Ok, maybe I am exaggerating. I sometimes get excited very easily. I know oil sold off yesterday because Spanish and Greek protestors took to the streets as Spain has to reveal its new austerity plan to some adoring crowds. I also know that oil is rebounding as speculation that China is going to step up to the plate with more easing after a report that showed Chinese industrial profits dropped 6.2 percent from a year earlier in August, falling for a fifth month. But still lost in all of the global turmoil it is time to get excited about what might be a major story if it were not for all of the economic turmoil the world is going through.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
