Comment on the August 22 prediction: The next day, prices rose to $3.95 in Michigan, a little higher than predicted, but basically CORRECT.
Monday, August 27, 2012, 9:50PM: On Friday, you could have bought a share of Apple Computer for $657. This morning, you needed $680 for the same share. That’s $23, or almost 4% higher, and that’s how the stock market works sometimes. The rise in Apple was connected to the Samsung smartphone ruling. Gasoline is also traded on a market, and for the past several years, it has often behaved like Apple. (Regulators, take note!) Today, for instance, traders are treating Hurricane Isaac like Apple’s legal ruling, and Chicago wholesale prices are soaring. I don’t see how we won’t get a hike tomorrow to over $4 a gallon, and I am going to fill up in the morning before it hits. -Ed A.