Tuesday, July 1, 2008

Asian stocks down

Asian & Australian stock markets are generally down, only Taiwan & Shanghai are showing gains & they're minor. The negative news on June sales for US automakers is dragging down stocks (such as Toyota, Honda, etc.) & makes investors nervous about the US economy (their #1 customer). Oil is up 1.20. Recent worries about Israel attacking Iran are responsible for the latest gains in oil. There is continuing talk about ECB raising their interest rate 25 basis points on Thurs.

I found an excellent site for investment ideas:

http://www.earthtowallstreet.com/

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