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Thursday, June 08, 2006

Good Morning!
Blogger was down late yesterday afternoon so i could not post about the air coming out of the market as it got very ugly at the end of the day. Meanwhile overnight we have the big cheese of iraqi terrorism biting the dust which is a major step foward. Meanwhile we also have Iran saying they will come to the table but the guy is a loon so who knows. This has put pressure on the oil market as crude is down another dollar this morning and Exxon Mobil is down 57 cents. Stock futures are down this morning which might be a good thing as I would like to see a nice plunge early on volume to wash out the sellers and then maybe we can put a floor in. Natural Gas is higher after yesterday's debacle in that market.

Meanwhile no news and no upgrades and downgrades so far so we trade with the overall tape.

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