The Squeeze, The Squeeze
Unfortunately this isn't the fun kind of squeeze...
Big Picture had a post and what really got my attention is that if you take out oil the profits for the S&P are down 30%.
Personally I think oil is bubbling right about now. When you hear stories about people who own oil rights and how much contact they are getting about those rights, well, I think over investment will happen and with that prices will come down.
I could be wrong, but usually I am just early.
Fool is so slow for me today, here's the link, http://bigpicture.typepad.com/comments/2008/05/sp500-ex-energy.html. The link window simply would not open.