Friday, July 11, 2008

Dow Holding the Line at 11,000 - Barely!

The stock market bulls have managed to draw a line in the sand at 11000, but just barely. The price of crude oil has backed off from today's new records, but this is providing little comfort for the markets. Even a press conference with Pres. Bush and Treasury Secretary Paulson has provided little support for stock market index futures today.