Thursday, August 21, 2008

Today -- Tumult and Turmoil!

With the amount of worry and turmoil in the market today, I expect that we will soon see another rescue or bail-out very soon. Here is a quick summary:

Dollar is Down, and if it remains this low, it will be in bear market again at day's end

Gold is Up $50/oz. in a few days

Oil is Up partly due to geopolitical supply fears, partly due to Dollar weakness

Treasuries are Down due to fear that the Feds will have to bail out Fannie, Freddie

Commodities Up almost across the board due to Dollar weakness