The JSE will rise by between 5% and 10% today (it's already up 4%). Oil prices are right behind, up 3.42% (at $80.11). I had a discussion with a friend of mine - that each time the stock markets rise, so does oil, and oil rises proportionately higher (which later kills the market again). Today I predict a huge leap in oil prices - $5 to $15, possibly more. Oil may touch $100 again today. And the markets will look good for a spell, until energy reality kills it all again. As usual, once the markets have 'recovered', people will intuit (incorrectly) that 'the worst is over' and things are now on the mend. Errr...we still haven't solved the original problem - the energy situation.
clipped from www.businessday.co.za
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