Gearing up again as markets shrugs
December 29, 2008
Another reason for the market to open downwards in the US as ‘oil prices rise’ due to ‘some attack some where’. Well, it’s hovering at a pathetic 37 dollars and if some financial journalist still has it in his or her head that there’s a correlation sufficient at this point to rattle the equities, it’s a bit of a daydream.
That’s probably the least of anyone’s concerns at this time. The markets are ‘maturing’ out from the head daze of the last few months. We’re facing up to the real mess – the giants that have failedd to hold up the pillars and foundations. So turn your attention over there, not to someĀ relics of yesterweek which is now at best, on the sidelines.
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