Thanx Berney ; That sat link if you hit reload will give a new
gif when it comes up, without re-load the browser just brings up the
last one in the buffer. Well you likely already know that.
Anyway George is still a serious threat to So. Fla, it seems to have
slowed down to under 10kts and is tracking WNW , I feel sorry for
those Cubans on the shores of that Old Bahama Channel, they must be
getting a real beating.
Now as for this market I've been short term bullish, but yesterday surprised me some. My bullishness is not because I think the economy is in good shape, it's just that there is money around that
don't know where to go I have no idea of how much rally the market
can do before it contrasts again. I would be cautious, it over reacts both ways, and the volatility is setting new records, my best guess
says we may test the old highs before it's over. By then a new
picture should form.
I feel a lot of people will see the oil rally and take it as a good
sign, but longer term all a rally in oil can do is cripple the
emerging countries who are so dependent on it. The oil cartel
which is mostly the big conglomerates always find a way to jack
oil prices up at the wrong time, I also oppose the AN / BP merger,
I don't trust BP at all. You can bet it's the big conglomerates
that put the pressure on OPEC to cut production.
Rising oil prices don't always come home to bite us until latter
but they are like a tax on the world. The idea that they are
going to have a big meeting and not talk about fixing prices is a joke.
Jim |
