Entry for July 13, 2007

It is amazing still!!! how people can still talk about sub prime, despite the rallies you would think all these smart cookies would stop listening to the media and price it in already. Though at least a cautious presence is still there, nothing like the late 90's i hope. Though it is always good to see the markets going in the direction you predict, though surprisingly despite a shift in sentiment on the economy. Though this huge leap today in the Dow should not be that amazing considering it is only 30 of the "blue-chip" stocks and is price weighted. What i would be looking at is the S&P and it testing the 1530ish resistance levels. THOUGH, i must say I'm sure local new reporters and international ones will be report on the surge in the DOW thus adding momentum the the markets in general, and i would not be surprised to see the S&P break through resistance too.
It would appear as if oil is taking a slight pause before choosing its direction. As usual watching supply and politics would be crucial at this point. Though considering my schedule it has been had to keep up with everything.
It is amazing how the Euro has keep on rallying. The dollar appears to be weakening, this should be favorable for the export part of the import/export reports. Though i am not quite sure what is more inflationary, something i must look up. Though a weaker dollar should definitely help the U.S. economy. I will predict, though i have not had much time for research, but the dollar will continue to weaken a bit before stabilizing, and the markets realizes the economy will be fine for the rest of the year.

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