Thursday - May 28, 2009

Market had a choppy ride in the morning and ended in the green zone. It looks like that investors can't wait to get back into the market. Jobless claims dropped to 623,000 from 636,000. The number is still very high but the job cutting seems to be slowing down a tiny bit.

Nouriel Roubini predicts that there may be another dip in economy at the end of next year. This guy saw the housing bubble and the recession were coming before anyone wanted to believe him. I will try to write more about his view this weekend.

Oil is creeping up. Perhaps it's time to pick up some oil companies?


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