Weekly Market Look

March 13, 2009 at 8:56 pm | In Uncategorized | Leave a Comment
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Four days of gain for the Dow, a couple big, today small.  Nothing big really going on. XD  S&P, in it’s usually nature, lost big (over the last few months) and wins few.  Never understood why that happens with it, Dow goes for large and small, while Nasdaq is just there most of the time. XD  Next week I am guessing that the Dow will fall, mainly due to: profit taking, “bad” news, and “follow” the leader mind-set (ex: Fall in Europe= Fall in Japan= Fall in America.)  There may be some good days, but mainly under 100-point level.  I still treat anything above 100 point swing as suspicous, especially when the economy is thought to be getting worse.

On the medium-term (like a month really), oil is stablizing as summer comes along, plus Opec getting desperate for higher gas prices (To me that would be a shot in the foot, it’ll create a huge bubble in a veryyyy short time, leading to an even bigger fall.)  Gas prices here have remained almost steady for the last few weeks at $1.75, recently changed to $1.69 at Wally-World today. >.>

Overall a mixed next week. XD

http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-031309.aspx?icid=dispatch_090313

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