Oil

It's getting a little attention but not a lot. The temperature dropped a little in the Northeast and oil is creeping a touch higher.

I have been quite repetitive and public about my belief that oil demand will keep prices high and mean good things for the stocks. I thought $71 was probably too high but I also don't think it can stay below $50, should it correct that low, for very long either.

That the most recent creep up isn't getting a lot of attention is probably a good thing.

It would be easy for someone that buys into the long term theme to have been shaken out recently. A bit of warn weather is not going to do much to alter a long term them, if you believe in that theme in the first place.

There are plenty of very smart people that do not. You can decide for yourself.