Monday, June 09, 2008

Oil Watch

Wow, what to say? Oil is up for the 2nd consecutive day rising $5.49 on Thursday as it closed at $127.79 and $10.75 to close at 138.54 on Friday.

The Real Effect
What is more important than anything is to notice how the globalists react to what the market does. I believe that the market will start off tomorrow with a strong buy as more investors view things as a bull market. Then perhaps after an hour or so, we’ll see some selling as some people start to take in some profits. I do believe that it will finish up for the day again, I will guess up $3.
Once again, this is speculation based on knowledge, not a specific prediction. In addition, I believe gas starts to creep up incrementally. It’s $3.99 now, perhaps $4.09 tomorrow, $4.19

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