It has been a long time since I wrote a blog. Market has been a dark place with bears ruling the action. At this time, the overall future is still filled with many head winds, especially with Democrats moving towards the White House in 2009.
But, market is smelling sweeter, as it seems to shrug off bad news. There is also confluence of several technical indicators that could be overcome in near future.
AAPL and RIMM still seem to lead the market. The oil price continues to move north and USA continues to transfer a lot of money in the pockets of oil producers and some of them are not very friendly towards us. However, the price of food is going up also. And, we are bread basket for the world. Europeans may like out genetically modified grains and meats. Higher prices of food and oil will result is some inflation as well as more difficulty for financially strapped families all over the world including USA.
Poverty sucks and people who have been blessed with knowledge, education and wealth should share God's blessings with less fortunate. Middle East has not shared their good fortune with other people in their neighborhood. But, we can wish only for everybody to be more sharing and charitable.
Markets should be uplifting in the future, with some integrated oils and oil service stocks along with some technology and financial sector large cap names leading the markets.
Feedback is appreciated from the readers....
Wise Owl from Texas
Tuesday, May 6, 2008
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