Thursday, April 8, 2010

I feel the Earth move

Not rapture but more like Carol King:

I feel the earth move under my feet
I feel the sky tumbling down, tumbling down

This is not what the song is about but the news is full of two things lately - earthquakes and airline mergers (not to mention yesterday's knucklehead who was not a shoe bomber but was just lighting up a smoke in the airplane lavatory - while in flight!).

The major earthquake tally over the past few months - Haiti, Chile, Turkey, Mexico/California and Indonesia.

Airline mergers - USAir/United (possible) and the newly announced British Air/ Iberia. Delta is already a Goliath after its 2008 Northwest acquisition. USAir itself has as storied past of mergers, too.

The latter explains why airline stocks are holding firm as crude oil breaks out (oil is correcting but its a major breakout). The former is scary and not just because we cannot make any money off that one. Where is Al Gore when we need him!

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