Monday, August 13, 2007

Market Hype?

This morning:
1) Goldman's ailing Hedge Fund has Eli Broad and Hank Greenberg invest money into it
2) Yen predicted to go down
3) Surprise retail sales
4) Blackstone reports record earnings
5) No bank failures this weekend

So someone is going to be buying this morning with all this good news. Lets see what happens in the afternoon. With an up day early, we have three possibilities: 1) DJIA goes up 230 pts 2) choppy markets throughout 3) sell off then rally into close
I DONT THINK WE WILL BE IN NEGATIVE TERRITORY INTO THE CLOSE

Remember I keep saying that gold and oil need to stay up for the market to remain healthy. Oil is up and gold is off a little bit. Those two key indicator I think are better than interest rates presently to gauge liquidity.

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