Yeah I realize that I didn’t do my weekly update on Friday. >.<  3 reports for school commanded my attention, and so that’s what I worked on.  Still not completely finished, but I do have everything needed to write them up!

At this time, Obama has basically said “No Bailout Money” to GM and Chrysler.  Dow and company don’t like that news apparently (At the time of this post.)  So it seems the government wants to try a new route, with a “plan” to be unveiled at like 11 a.m. EST.  Oh and GM boss quits. <.<

In other coolio news, oil is down. XD  My medium-term prediction (next 3 months or so) is another run-down on oil.  Storage capacity is overly full, so the cost for the companies to keep them there will soon be at the point where a discount sale price is needed to maintain some profit.  But that may not mean lower gas prices this summer (It could lag behind the oil price for weeks), with distilling capacity also shrinking. 

It’ll be an interesting week, up and down and all around is the attitude for the week. XD

Week ended somewhat well for the stock market. XD  So I was wrong, this week’s ending is 54.4 points higher than it was last week. XD  Oil is still trying to find stable ground hovering at $48-$51 all week, though suppliers are having a really hard time finding storage, with ships acting as storage in some places.  They’ll have to sell eventually, so “discount” oil may drive prices down.  To me, the whole buy-our-debt that the government may do is a bad idea. XD  What if the downturn is over, and this is the bottom? (Just saying) Inflation would put us back to square one again.

As for the AIG Tax of 90%, well that’s just wrong.  If Congress takes their bailout money by retroactively taxing them to death, then what will prevent them from doing it to the average Joe (Scenario: We need to tax all pay at 50% to “pay” for this!)  A proper way would be to deny bailout funds until the bonuses are paid back.  Or maybe withholding 2x the amount of the bonuses from future payments.

http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-032009.aspx?icid=dispatch_090320

For an unrecognized nation, Somaliland is still doing quite well, especially seeing how the rest of Somalia is still locked into brutal wars.  Having to rely on itself, Somaliland could now be posed to enter the international community.  Oil and natural gas deposits have been discovered both onshore and offshore.  Full story here:

http://news.bbc.co.uk/2/hi/business/7935139.stm

So why isn’t Somaliland being granted recognition?  It is a stable country with little violence, especially when compared to the Somalia Civil War.  It already relies on itself, so by granting recognition, we can be sure that it won’t become an “aid-dependent” nation (i.e. Kiribati, Nauru, Ethiopia, etc.), unless something bad happened, like a drought.  On the business side, the first country that recognizes Somaliland will have the potential for a “first-come, first-serve” basis.  Enriching Somaliland and the other country even further.

Small Neuro update, for it is Sunday, the day of rest and chores and chatting with people. XD 

Chapter 173- Classified

http://www.onemanga.com/Majin_Tantei_Nougami_Neuro/173/01/

The fishing contest is still going on, Yako having to get help due to her appetite of eating everything she catches. XD  Ishigaki and Shizuka are trying to out compete each other.  Ishigaki pulls out a morbidly obese person and passes it off as his catch of 170 cm. XD  Yako’s not having any lucky, she also caught the “fish” after the water is electrocuted. >.>  Frantic that Neuro may win, Yako considers donning an oxygen-less scuba suit to try and catch a fish. XD  Neuro meanwhile, strikes up a chat with Sasazuka, and Yako sees this as a chance to chat with Uncle.  He talks about his daughter and how brilliant she was for questioning his experiments.  The peace is about to be disturbed as someone/some freak swims toward them after disregarding their sign. XD

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