Oil Market Enters La-La Land

The Business Press Maven does not have much to say this morning, only that he never seen a dumber headline in his whole misspent life. Fortunately for you savvy investors, there is often deep meaning is such spectacular stupidity.

If ridiculous looking numbers don't signal a top to an overheated market, ridiculous sounding words do. And when, in this case, there are ridiculous numbers attached to ridiculous words -- in other words we hit a double play of idiocy and right in a headline --well, without further ado I bring to you this beauty from Tuesday's Business Week Web site: Oil Hits $129, Heads for $130

Where to start? With the automatic, implicit assumption that we will go up before down? Perhaps.

Or the notion that you need a journalist to help you think out the fact that $130 comes after $129.

They Just Don't Get Biotech!

Or the ridiculously small ball nature of the thought, whatever you think of it, because $1, after all, is less than 1%. At least when we've had ridiculous claims of soaring prices in the past (I'm thinking famous calls of Amazon(AMZN Quote) and Google(GOOG Quote)) it was down with some panache, some drama. The numbers were set high, at least. Not, uh, one tick higher.

Make sure your wig is clipped to your head, because more dopiness ensued on BW's pages, and we'll give it a quick review.

Here is a prominent quote: "I keep making projections, and they keep turning out to be too low," said Darin Newsom, senior analyst at market analysis provider DTN.