Stocks are down on more economic worries. Dow is down 146, decliners over advancers about 5-2 & NAZ is down 20. Volume is coming in under 1B when1½B has become common in better days. High priced oil keeps dominating the economic news. Oil remains at 132, & this negative news bleeds into the rest of economy. High prices on gas are just beginning to be felt. Airline fares are going up as the talk of bankruptcies are being heard. MLPs are taking a hit. Their index hugged 286 tightly for a couple of weeks then advanced over 300 a couple of days ago. In 2 days it's back to 294. Even boring pipelines are feeling the effects of the anticipated economic slowdown.
Anheuser-Busch (BUD), 2nd largest brewer in the world, up 4.12, is attracting the interest of the largest brewer & buyout rumors are being talked about. Buyers of stock usually help the markets, but not today with high oil prices. The markets need more stock buyers, but it looks like the bears have the upper hand & may be successful in taking the Dow down, back to 12K & lower.
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