The market has shown a very nice comeback from the lows due to oil selling off and either nibbling or short covering in the financials.
Did you hear the senator from KY….At least he has some real understanding of the Federal Reserve and their role for screwing up America in regards to monetary policy. Will people listen?
Let the close determine your actions here. A bounce in the market is just that.
I will take a stab at EME. I will also add to SNHY and SY.
I’m selling all oil and gas stocks since there is talk of a bill that might pass within a week or two regarding the trimming and monitoring of oil and commodities trades.
Also look at the refiners bouncing big time today. Suggesting perhaps oil is down for the count for a quarter or two. With the grace of a higher power hopefully oil will be down for a long time. We do not need frozen seniors this winter season.
http://energycommerce.house.gov/Press_110/110nr292.shtml
As a last ditch effort, now everyone wants to bust rumor monger’s and speculators. Investigate the banks, Federal Reserve and the Mortgage companies rather than the individuals who implement their policies.
GLT
by GW
If you enjoy the content at iBankCoin, please follow us on Twitter
