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. ...