See if you can follow the Wall Street logic.1. Morgan-Stanley releases a report predicting oil will reach $150 per barrel.
2. Oil prices immediately skyrocket while every other DOW Industrial stock (except for Chevron) starts a morning slide into the abyss.
3. Experts appear on the financial channels encouraging people to buy more oil and drive the price up even higher.
4. Morgan-Stanley presumably sits back on its laurels and smiles a lot.
I just wish Morgan-Stanley had predicted oil would reach $500 a barrel. We could have started a pool on the first deaths.
Meanwhile, EdMcMahon becomes the latest celebrity to default on his mortgage. Heyo.