Oil up to $145.08. Up $3.43 on Fridays session.
Gold up to $960.60. Up $18.60 on the day.
Dow down to 11,100.54. Down 128.48 on Friday.
Crude set a new record Friday.
Fannie and Freddie on the brink of being bailed out.
And the biggest indicator, InBev upping the anty to buy AB for 70 a share from 65.
People drink more during poor economic times, is what the data shows us
Next week with certain indicators being released like CPI being released, while the Fed is scrambling to piece its world back together, might not be the best time to be in the equity markets. Cash is King when Rome is burning.
The uncertainty will end soon and the world will be able to watch equities either go up sharply in the short term or continue its retracement to 50% of the the Dow highs of 14100. We expect that Dow could show us 7000 in the next year. But in the short term might bounce to 11700 or 12100.
Here is a video of big oil talking about big oil.
Indy Mac Bank is now managed by the U.S. Regulators BTW.
Good Fortune from Trade-Equity.com!!!
Saturday, July 12, 2008
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