U.S. Stocks Decline on Inflation Concerns

April 1 (Bloomberg) -- U.S. stocks fell as a manufacturing survey pointed to higher raw-material costs and oil prices set a record, spurring concern that inflation will accelerate.

The Institute for Supply Management's report for March, along with the rally in energy prices, sparked the selloff. Stocks gained initially after government data showed weaker-than- expected job growth last month, tempering speculation that the Federal Reserve would step up the pace of interest-rate rises.

``People are concerned about inflation and where interest rates may possibly climb,'' said Mark Bronzo, who manages $1.2 billion at Gartmore Separate Accounts LLC in Irvington, New York. ``That's holding back the stock market.''

American International Group Inc. dragged the Dow Jones Industrial Average to its lowest in almost 10 weeks. The shares had their biggest loss since October amid probes for improper accounting.

The Dow average dropped 99.46, or 1 percent, to 10,404.30, a level not seen since Jan. 24. The Standard & Poor's 500 Index fell 7.67, or 0.7 percent, to 1172.92. The Nasdaq Composite Index retreated 14.42, or 0.7 percent, to 1984.81.

http://www.bloomberg.com/apps/news?pid=10000087&sid=aKmEl8R2Ypyk

A falling stock market + rising energy prices = Bad News for the country

sort of the worst of both worlds...slow economy and inflation.

everybody from Deffeyes (Beyond Oil : The View from Hubbert's Peak, and Hubbert's Peak : The Impending World Oil Shortage) and Goodstein (Out of Gas: The End of the Age Of Oil) through Yergin (Prize: The Epic Quest for Oil, Money, and Power) to Kunstler The Long Emergency: Surviving the End of the Oil Age, Climate Change, and Other Converging Catastrophes of the Twenty-first Century

in the 70's and early 80's....cause this shortage of oil seems to be the real deal and not just the result of an embargo...could get real nasty.

what about yesterday:

March 31, 2005

Stocks gains prove best yet in '05

By Michael Martinez
The Associated Press

NEW YORK - Modest growth in the gross domestic product and a drop in oil prices gave Wall Street its best day of 2005 Wednesday as investors at least temporarily set aside inflation fears and picked up bargains in a heavily sold-off market. The Dow Jones Industrial average gained more than 135 points.

end excerpt. These fucking experts are so full of shit - every day they spout some "analysis" that is proven to be exactly wrong the next day. "The falling dollar is good for the economy, no wait, it is bad for the economy, no wait, it won't have much effect, no wait, ..."

Oh wait, no they didn't...only half what the paid imbecilles were expecting.

You could probably pay circus monkeys to do the job of some of these "analysts" (and they'd do a better job)

media and wall st tied like pimps and hos