Monday, October 13, 2008

Another strange and dire situation caused by the credit crisis...

It looks as if things in the banking world don't get "fixed" soon, ocean-going ships with goods won't be able to unload in America's ports. This might include OIL. To understand this, and you should, check out this link:

http://www.marketoracle.co.uk/Article6745.html

Not only oil, but computers, TV sets, medical equipment, clothing, foreign cars, and anything else we don't make in the U.S.A., could disappear from our store shelves. But the most important of course, is oil.

The market is rallying now, confirming the .25 node I pointed out at the end of last week....

2 comments:

Anonymous said...

The SPY gambit got a bump. LOL!

We've been stocking the pantry but the oil storage is a bit of problem. Got enough gas to go 1000 miles though.

Thanks again Mark,

mlytle said...

Anonymous,
Your very welcome...

Regards,
Mark L.