Smart Money with Keith Springer Saturdays at 1PM and Sundays at 6AM on NewsRadio KFBK 93.1 FM and 1530 AM

Dogs And Cats Living Together… Mass Hysteria!

If Saudi Arabia falls, Bill Murray may be right!

As the unrest in Libya continues to freak the bejeesus out of everyone, all eyes are on Saudi Arabia to see if the global unrest takes them down as well. It’s quite simple. If Saudi goes, it will be complete mayhem, and oil will spike to $150 a barrel. Basically what Bill Murray was talking about in Ghostbusters: dogs and cats living together… mass hysteria! Could it happen? Yes. Is it likely? NO!

Added to the insecurity abroad is uncertainty here at home on whether the Federal Reserve will continue the stimulus. QE2 is set to expire in a few months and there is debate that the economy can stand on its own. I say no way, and after a brief experiment by Bernanke of letting it expire, the Financial puppeteers will be back at it with a QE3. You heard it here first.

For the time being, stocks are still attractive and just going through a brief respite, otherwise known as a correction. Corrections can come with sharp moves down or simply a sideways movement to work off an overbought condition. We are likely living through the latter.

Regards -Keith Springer

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