Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (6241)	8/11/2011 10:23:02 PM
From: Investor2	Respond to of 10065

NEW YORK (AP) -- Lurching higher in its week of whiplash, Wall Street recorded one of its biggest gains of all time Thursday after investors seized on a few signs that the economy might just be able to avoid a new recession. The Dow Jones industrial average soared 423 points. It had already fallen 634 points Monday, risen 429 Tuesday and fallen 519 Wednesday. Never before has the Dow had four 400-point swings in a row. finance.yahoo.com

To: marc ultra who wrote (6241)	8/12/2011 7:37:26 PM
From: Investor2	1 Recommendation Read Replies (1) \| Respond to of 10065

It was the first time since early July that the Dow and S&P index rose for two consecutive days. finance.yahoo.com

To: marc ultra who wrote (6241)	8/14/2011 11:57:16 PM
From: marc ultra	1 Recommendation Read Replies (2) \| Respond to of 10065

Keep an eye on Libya. This is a very under-reported story and the offhand conventional wisdom seems to still be it's a stalemate. In fact , the rebels are making major gains and now may be close to getting control of major oil facilities including Brega which was heavily mined by Qaddafi, as well as cutting government supply lines and could soon be a threat to Tripoli. This could be largely over in two to three weeks. I think it's relevant to the market because if a Qaddafi defeat is thought imminent with him not able to destroy the oil facilities, it should put downward pressure on oil and be a morale boost as well for both the EU and US. The oil spike really got serious with Libya and a change there could put further pressure on oil prices which is an economic positive. . I'm sure Libya will be a mess for a long time but if Qaddafi is gone and it looks like oil exports will start up again even if it takes a while, I think it will be market positive even if it's oil price negative and it's something that is completely not priced into the market obsessed with dreary fears.