Tuesday, July 15, 2008

Like I said, Dow dips below 11,000

Today, the dow dipped to 10,827.71 . At the same time, it was announced that oil dropped to around $138.65 a barrel. Don't be tricked. I bet by the end of today, the dow will close at around 11,005.00 oil will close at about $142.00.

By the end of this week, look at oil @ $145.00 a barrel. Instability somewhere will cause oil to reach about $155.00 by the middle of August.

There will also be some "not so good" job loss news by the last week of July.

Consumer confidence, well, what's left of it will be really bad news.

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