Saudiis bought up the Japanese Bank stocks, BEFORE we got them as cheap, they say its because Japan is such a good customer. Japan a Customer???? Japan imports 100% of its OIL. OPEC struggling to keep the price of OIL above $25 per barrel. I guess, maybe, looking at the past and looking at the future, let them both struggle. The US is still the SAFE HAVEN for all world currencies, including OIL MONEY. But then you realize, they are our allies, and we will need them and THEY WILL NEED EACH OTHER to contain Communist Chinese expansion in their hemispheres of influence. OPEC can't cut production, and can't icnrease production, on the one hand they want to decrease supply to increase price, but on the other hand, they have to increase demand, especially in Japan, and that means either more supply, or cheaper prices, OR BOTH.
The DOW stayed in Rally mode today, but the Nasdaq swung back and forth all day, as did Techs, waiting for ORCL for no reason, than investors have become used to waiting for the spectacle of the week, well advertised or not. The key is still the FOMC meeting March 20th, and 3 days usual settlement rules for most investors, means that they can buy, ride the rally, and pay later after the rally. It is like FREE MONEY.
I am,
Truly your$,
-Crystal Ball |
