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Is oil partying like it's 1999?

Posted by: Aaron Pressman on February 23, 2006

oil_1.jpg
For all the worrywarts and, after my last entry, to appease Bill Miller who doesn’t own energy stocks in the Legg Mason Value Trust (LMVTX), I’m posting this Birinyi Associates graphic showing recent moves in the oil market laid on top of the S&P 500’s tech bubble history. I don’t put too much stock in technical market analysis but it’s food for thought.

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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