More Of The Same?

Up 300 down 280, what do we expect of today? LEH searching for funding and supposedly getting denied by a Korean bank, OPEC cutting oil production by 5mil barrels, hurricane Ike still looming, housing report down. LEH is going up in the futures market though, what's going on, purely speculation? Figuring out this market is the secret to wealth right now, especially right now becuase of the big moves back and forth. Right now the best thing to have is cash to capitalize on these big dips and ride them back up. The problem is all of the false bottoms and getting in too soon. The other day when Fannie and Freddie broke no one expected the next day to have another bank go down in flames. How much can this market take, it's a strong market and will work itself out but we do need to establish a bottom soon and reestablish some confidence. We'll see...Keep making Sense out there!

Bubbilin' Crude

What are my intelligent and wonderful readers thoughts on the future price of oil? It's at $102.09 right now with Hurricance Ike looming and production in the gulf already being shut down to prepare for this storm. So, can we safely say now that oil is heading down? Have the speculative traders finally left this commodity? Have they left all commodities for that matter, has anyone looked at where most commodity stocks are at right now. For instance: MOS at $78, X at $95, MON at $100, BTU at $46, and so on. Are we going down just becuase the speculators are on the sidelines? What are your thoughts? Keep making Sense...