Sunday, May 25, 2008

Asian markets sharply lower

Asian markets are down 1-2+% in Mon trading. Yes, they're open. Asian Markets are following the decline in US on Fri. Oil, dominating the news as in the US, is up 32¢ to 132.51 courtesy of Asia-CNBC programming. There will be another trading day completed tomorrow before US trading resumes on Tues.

On the right side of my blog under More Good Blogs, a button for AAA Fuel Gauge Report has been added making it easier to keep track of the rising price of gas at the pumps.

Last week was one tough week again, one of the worst in recent years. Dow was down 500 with banks, airlines, retailers,etc. leading the way down. Even MLPs pulled back in the last couple of days. But junk bond funds with yields over 10%, a good 600+ points over the Treasury bond, held about even. This will be another volatile week.

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