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Discussion Spotlight
Posted By:valuequality
26 Aug 2008, 08:16 AM EDT
Posted on The researchfyi Member Forum (Public: CLB01265)
Good Tuesday morning all! With the closely watched Dow down about 240 yesterday, what do the markets have in store today. More of the same, or rebound?
Actually the fundamentals of these economic times do not allow the markets to rebound unassisted as in more 'normal' times. OIL and the Dollar rule, and any rebound at this time will be either/or/and dependent on those two factors.
Overnight Asia followed our lead, and most of Europe has started out pretty rough. We alone have some GOOD NEWS! The Dollar gained strength after yesterday's drubbing, therefore we may even get to test the $110/bbl area for oil soon. As I write, oil is down from yesterday's close to about $ 113.14 and changing, down anywhere from $1.93-$2.06. Since this market tends to follow oil, and oil partially follows the Dollar, we are to expect...(Continue)
Posted: August 22, 2008 Welcome to the final part of this series. (Read
Part I and Part II .) The weakness in the U.S. dollar is something that personally affects the quality of life for every U.S. citizen.
... (MORE)
Posted By:
Posted: August 22, 2008 Welcome to the final part of this series. (Read
Part I and Part II .) The weakness in the U.S. dollar is something that personally affects the quality of life for every U.S. citizen.
...