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Monday, July 11, 2011
Financial good news/bad news today
The bad news first: Italy may be going to hell in a debt handbasket right now, it's feared, so the EU is scrambling and people are freaking out a bit so naturally the 2nd wave--the double whammy, if you will--is that the markets are all down. The Dow is pretty close to 200 points down today at present. The good news? It wrecks the price of oil, fortunately and predictably. We can't support that high price of oil if not enough are buying. Links: http://finance.yahoo.com/news/Stocks-sink-on-fresh-fears-apf-3537054013.html?x=0&sec=topStories&pos=1&asset=&ccode=; http://finance.yahoo.com/news/Oil-drops-below-95-per-apf-3522845891.html;_ylt=AjawuDjIoyQ8mNdId8DG4cK7YWsA;_ylu=X3oDMTE1bzE5czZiBHBvcwM2BHNlYwN0b3BTdG9yaWVzBHNsawNvaWxkcm9wc3RvYmU-?x=0&sec=topStories&pos=3&asset=&ccode=
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