6.26.2008

THE THOUGHT


Markets set to open way down with commodities way up led by gold +$27 and oil +$3.43 and did any one really think the fed was going to raise rates while the economy remains very weak. Good luck to those traders.


And don't I wish that I bought that SKF yesterday- anyhow, on my list this morning for buying pullbacks- SKF QID DXD SDS TWM UNG USO GLD DIG XLE OIH-


One other think- keep in mind that markets that are weak all day tend to close at/near the lows and the DJIA is more heavily weighted to the financials than other indexes with AXP AIG JPM C BAC- think DXD.


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