Okay last week had a few hits and misses. Monday was not bad, but by the time friday got here the whole situation was completely changed. Friday evening of July 11, 2008 Federal regulations shut down a small mortage lender/bank. This is typical of cancer situation is it not? You cut out what cannot grow or what will grow more cancer. This will not be the first operation. So here's next weeks forcasts.
MONDAY- actually shouldn't be too bad as the dollar fell quite steeply last week and a recovery maybe the result of todays trading.
TUESDAY-Oil will be looked at and well its will hit $150 without a second thought.
WEDNESDAY-Oil $140's, dollar comes back a little. All is well for about 3-4 hours. then:
THURSDAY-Washington's response to bank takeovers, yawn and pass the pepto bismol.
FRIDAY-World wide fear day- Oil $150+should be ugly.
SATURDAY-Profit taking and see ya later.
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