CNBC: All Politics All The Time?

The lead story over at CNBC for the past two days: why are gasoline prices suddenly falling?

Even in California, where the average gas price in the state reached the highest level on record on October 9, prices are now a (sic) lower by about a dime. Nationally, on average, gasoline prices have fallen 5 cents since last Wednesday to $3.76 a gallon. 

Meanwhile, the huge jump in jobless claims, reported today, is buried about six stories down.

I posted this on Monday, September 17, 2012:

So, if the outlook is so downbeat, why am I in a good mood about the stock market? A buying opportunity. And where do I find best buying opportunities? What do I like? High-dividend payers. Energy. Railroads. I think one of the bigger surprises will be the earnings coming out of Bakken-centric companies. Lots of talk about cutting costs. We'll see. The recent reports of Bakken premium to WTI is very, very interesting.

Today, Union Pacific Corporation, a railroad, reported earnings that beat estimates, and in an otherwise down market (at the open), UNP is up 1.5 percent, up about $2.00, or about $126/share.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what I write.

XOM, by the way, hit a new 52-week high yesterday.

The United States will increase taxes at the end of the year, and California will vote on increasing taxes on themselves in November. [The New France?] Meanwhile, Germany's chancellor Angela Merkel wants her country to cut taxes. Almost worthy of an April Fool's story, but it's accurate.