Stocks: The Price Of Crude Oil. What a crude reality.

Since apparently the current price of oil is not the work of supply-demand, but rather the manipulation by speculators (hedge funds, etc.), well, this is going to keep going for some time. Sorry to disappoint the people that are waiting for the "bubble" to burst (CNBC and "advisors" anyone?), but that's not going to happen. Very prominent economists agree that there's not going to be such bubble burst, and that the oil is well poised to run up to $200 and maybe more; until Congress decides (and I repeat: decides) to do something about it.

This is one more example that greed runs rampant at the higher corporate spheres. Not only the price of gas is squeezing the last pennies out of our pockets, but inflation is expected to go 5% plus. The market is also suffering an apparent recession.
Article: Congressman targets oil speculators

Stocks: GE

GE made me a decent gain today. Sorry for the people that are losing so much money though.

Stocks: Markets drop like a hot potato

The three leading indices Dow, S&P and Nasdaq got clobbered today in a monstrous decline. A radio host has been saying that we had reached a bottom all week long, but today was a disaster. So much for a bottom.
RIMM was also being touted as a buy, and it declined 10% overnight and finished down 18.80% for the day.

Stocks: Coca Cola Enterprises

I shorted CCE yesterday at the close, but had to cover immediatley today at a .28% loss.

Stocks: Market Bottom?

Yesterday, Tom O'Brien of TFNN.com said that we may have reached "a bottom" in the bear market. It's my opinion that we're are going to have a few weeks rally though. I don't think we're out of the woods yet, and we're going to see more bearinshness. It's just not enough of a breather for the market yet.

Stocks: Eastman Kodak (EK) gets the much awaited tax refund.

According to Briefing.com, Eastman Kodak received a 581 million tax refund from the IRS. Are you kidding me? Not $581 dollars, $581 MILLIONS.
Way to go IRS.

XLF