Wednesday, December 12, 2007

Asian markets down

The major Asian markets (China, Hong Kong, Japan) pulled back continuing the weak performance in the US. I forgot to mention before, oil is back over 94 as supplies in US were lower than expected. Cold weather does that. Asian markets are also big buyers of oil.

Coca Cola (KO) was up again today. This is a stock in my IRA, I keep my eyes on it. Coca Cola was up while banks were hammered, telling you were money is flowing (sort of flight to safety). The 10 year treasury yields 4.08%. I think tomorrow will be another tough day in the markets.

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