30 January 2007

Drifting

Markets rally and revert...coming out of lunch, GS hitting new lows while GOOG struggles to stay positive after being up $6+ in the morning...AAPL and RIMM both lower as well...the energy complex has roared back to life on news that Saudia Arabia will increase their cuts in production come Febuary...so recent market leaders having a hard time here...I expect a lot of fipping around here with a slight bias to the downside...GDP, The FED and GOOG earnings all up to bat tomorrow...so continued trepidation for the time being...jfg.

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