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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (64938)	3/30/2007 1:49:11 PM
From: $Mogul	Respond to of 116555

Well that was a breif little rally off the lows. Looks to be done now. Oscilators look toppy and heavy. One thing I know is that if there is no resolution with Iran near the close who is going to want to hold over the weekend. Anything could happen. The China tarrif is long overdue. Heck now the Fed may have to raise rates just to save the dollar ans is why Berneke openeed his speech the other day jawboning inflation up again. Lot of things are lining up that surly are not a positive connotation.

To: westpacific who wrote (64938)	3/30/2007 4:07:20 PM
From: $Mogul	Respond to of 116555

Iran is expected to broadcast confessions from the fifteen U.K. soldiers being held. Iran claims the servicemen were trespassing in Iranian waters at the time of their capture, a claim Britain has denied. Because oil is traded on the world market, experts say the longstanding U.S. embargo is basically meaningless as far as prices go. Iranian oil exports, most of which are shipped to Japan, simply alleviate the need for the Japanese to buy that oil elsewhere.

To: westpacific who wrote (64938)	3/30/2007 4:07:46 PM
From: $Mogul	Respond to of 116555

The U.S. Commerce Department says they will no longer exempt Chinese companies from U.S. anti-subsidy laws and agreed to consider a request for import protection by the U.S. paper industry. U.S. stocks turned lower on this news and 10-year yields moving up to 4.66%. Crude is up 23c and trading at $66.30/brl. The dollar weakened on the China news with $/yen -0.465 to 117.61. The euro is +0.0048 to 1.3379.