$Market Closer$ Head Fake & Trichet Turns Trend!

The Dow closed about 207 up today.

With Gold down on the day and oil up by over $5 pb after Europe(Trichet) announce it might be raising rates.


The US brought the Credit Crisis to the party, and seems to be behind the curve as the music starts. There is a distinct possibility the Trichet might raise interest rates before the US.

This could have a giant effect on oil and the dollar. Oil will go up and the dollar will go down against the Euro, and possibly other currencies.

The word on Lehman is that it might raise $5B. It has already raised $8B from the sale of bonds.

Does anyone feel that the analyst are in bed together? Trade-Equity.com has had this feeling before, but in the last 3 days, it truly seems apparent that they are doing more than scratching each others backs. And as the Feds investigate manipulation in the Energy markets, it would be nice to see them look closer at the analyst that this industry so depend on. The fact that the brokers can recommend to buy another broker reaks of impropriety and should be examined with a fine tooth comb.

Lehman is going to survive. But if they are outside the scope of leverage in todays market compared to their peers, their price should reflect that and not be manipulated by an upgrade my Merril, after Lehman talks up Merril on their performance on their Asia potential. This is a hypothetical scenario, yet it feels like such things are happening in that sector.

Good Fortune from Trade-Equity!!!

$PreMarket Buzz$ Jobless Claims Down....Dow Opening Up

We have been pretty busy the last couple days and unable to blog the way we want to.

After making some changes, we think that we have solved the problem.

Let take a look at the Big 3 with 20 minutes to open this Thursday morning.

Dow Futures: Up 31, 12435

Oil: Up 37 cents, to 122.67

Comex Gold: Down 13.20, to 870.60

Today looks like a day when the commodities might get some relief after 2 days of seeing pressure. Yet miners might continue to fall.

Jobless Claims and Retail number came in better than expected.

WalMart says that they almost doubles their expected sales.


Good Fortune from Trade-Equity.com!!!