Stage 3 is here?
July 8, 2008 at 8:04 pm | In Coltura Popolare | Leave a CommentTags: Economy, oil, Stock Market
Seeing how oil has been falling (mainly due to profit-takers), I’m wondering if the 3rd stage is here. But this is probably the most painful. Stabilizing stocks was achieved (Thank the Lord!) with only one super spike ($12 in one day.) I got a bad feeling about tomorrow, it’s just bugging me. :/ Rising tomorrow, but it may be off-set by selling. Or if it’s spiking, too much selling will go on and cause a panic.
All this uncertainty will characterize this stage alot. Sunday- $3.75 Like yesterday- $3.85, then today- $3.75 (except for a few stations, one’s at $3.89) It will be crazy. No rose-covered info- It will hurt, prices will jump all around before coming down.
If something bad happens (Terrorist attack on pipelines, mass speculation, or just rumors of one) will derail this whole thing.
But what do I know? This is all self-learned! I don’t have any professional training on this subject matter! I don’t even own stock!
http://articles.moneycentral.msn.com/Investing/Dispatch/080708markets.aspx
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