Strategic Oil Reserves Randomosity and Alexis Glick!

• Oil stoking inflation fears?  Actually, oil has the opposite effect. If you’re spending more money on oil, you’re spending less on goods and services decreasing demand.  Less demand does not lead to inflation.
• Since I switched from DirecTV to ATT U-verse, I no longer get Fox Business Channel.  But here’s a pic of Alexis Glick anyway. 
• So, I’m still leaning on some sort of market correction. The market volatility here near rally highs could be a sign of topping. Or, it could just be sideways action and consolidation.  Tough to get a feel.  The economy is improving. Heck, oil prices were going up before the Middle East stuff.
• But if gasoline prices continue to go up, then folks will spend less on retail.  We know from past experiences that oil price surges lead to stock market corrections, bear markets, and recessions.
• US Farms embracing solar power.  Uh, not to rain on anyone’s solar panels, but it only works about 4-6 hours a day, when it’s sunny.
• Technical Market Report from Mike Burk. I expect the major averages to be higher on Friday March 11 than they were on Friday March 4.  Okay, Mike.  We’ll keep an eye on that.
• Hey, Bob Brinker isn’t on today.  He must be watching some NCAA basketball.  Lynn Jimenez from SF’s KGO radio is on. 
• Harry Reid going after legalized prostitution in Nevada.
• From The Simple Accountant at Safe Haven:  This looks to be another week characterized by elevated levels of volatility, event risk, and indecision. My outlook is to continue to play defense, closely monitoring open positions and avoiding new ones.  Defense wins championships.
• Jim Rogers “insanely bullish” on commodities.  "Saudi Arabia has been lying about their (oil) reserves for decades. The reason oil is going up is the world is running out of known reserves of oil.”
• I don’t agree with Jim on oil.  We have lots of oil, we just won’t drill for it.  Or, it’s at a price point where it’s not feasible to drill for it yet.  And we also have tons of Natural Gas, which we could drill for and use in cars.  But we won’t do that for whatever reason.  Though, you can buy natural gas cars now, and fuel up at home.
• Hope you’re having a great Sunday!  Raining here in Sacramento.