Comments on: The Bull Case for Stocks http://www.financialreference.com/blog/2005/09/20/the-bull-case-for-stocks/ Musings of a Financial Hobbyist Fri, 05 Sep 2008 16:26:13 +0000 http://wordpress.org/?v=1.5.2 Comment on The Bull Case for Stocks by: kocaar http://www.financialreference.com/blog/2005/09/20/the-bull-case-for-stocks/#comment-24 Wed, 21 Sep 2005 19:00:25 +0000 http://www.financialreference.com/blog/2005/09/20/the-bull-case-for-stocks/#comment-24 You might want to take a look at where the S&P would be without the run up in the energy sector... The focus on inflation has been on the "Core rate". People are quick to take energy out of the inflation equation but don't do so on the returns side. The S&P 500 would have lost over 7% this year without the gains made in energy. This is a double edge that I don't think a lot of people see. Yes it would be nice to see oil come down but there may be less up side to the market than people think. You might want to take a look at where the S&P would be without the run up in the energy sector…

The focus on inflation has been on the “Core rate”. People are quick to take energy out of the inflation equation but don’t do so on the returns side. The S&P 500 would have lost over 7% this year without the gains made in energy.

This is a double edge that I don’t think a lot of people see. Yes it would be nice to see oil come down but there may be less up side to the market than people think.

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