Sometimes Things Just Don't Work Out

Well there is 10 minutes left to go in the markets and the Dow is down 15 points. Looks like my gut feeling isn’t exactly accurate. Well the Dow did actually manage to cross into the positive for a brief period today so I was partly right. Here’s hoping that the last 10 minutes goes like gangbusters and we get a late rally to the positive. Just goes to show you that your gut can’t always be exactly right but there can be some kernel of truth in what it’s telling you.

Back onto the topic of oil. Looks like oil is down yet again. The folks at TD may end up being right after all, as now the price of oil is closer to $60 then $70. I can only hope for a return of cheap oil. After all, when consumers are paying less for gas, they will have more money to spend on other things. That money will go towards buying real stuff instead of into the pockets of oil companies. As people spend, earnings will once again increase at consumer goods companies and their suppliers. Then the talk of slowdown will diminish. Hooray for lower oil prices.

Tomorrow will see the release of the CPI number as well as the infamous triple witching. Looks like it may be an interesting day to say the least.

SCUR closed below $7.00. Nuts to that. We’ll have to be careful tomorrow. I was hoping it would hold but now we’ll have to see if it tanks tomorrow.

CLRK actually gained three cents to close at $16.60.

MFLX close down $1.26 to $23.52.

Tomorrow will definitely be interesting.