What goes up/down must also go down/up

After a 3 week period during which crude prices came down by almost $30/barrel, another uptick seems to have begun.  The unanabated rise in domestic inflation (the official rate is past 12% and methinks the “real” inflation for middle class India must be closer to 20% if you keep in mind the typical “basket” of goods and services they consume. That banks have hiked interest rates suggests that high inflation is here to stay at least for the next quarter or two. This will make bonds more atractive and not surprisingly, the stock markets might again catch a cold after just showing signs of recovery.  Oh well….