. Friday, June 6

"Stagflation occurs when stalling growth accompanies rising prices," says Tim Paradis, AP Business Writer. Oil up, jobs down, the dollar dives and investors scurry for safety.

It's not a supply and demand thing with oil, it's more that Israel is getting pissed at Iran. And through it all, "something is going to come along to deflate this commodity bubble and put the stock market back on track."

Is that just a tad bit of sunshine peeking through the clouds? Where's the barf bag?