As I mentioned one little bright light after last weeks bad EIA and worse NFP
(It came in exactly as expected but sentiment changed and oil trades heavily on psychology)
The EIA revised its number up for projected consumption as I posted previously.
The Alcoa CEO talked about business back to usual in China and stabilizing in the US
Expectations are low now -The stimulus package is like rowing against the current
stop spending. The Private sector has stopped look at the other breaking news about savings
that also helped crush the market last week.
and drop an email chrgr06@yahoo.com to schedule
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