Another Brief Midday Economic Comentary

[onthepequod]

Iran has now jumped on board with Iraq, stating that it other OPEC nations are willing to participate in the "one month of cutting oil supply off from the Western World." Fortunately, Saudi Arabia has said that it will secure reserves for the West. And it is safe to say that Saudi Arabia will have no problems doing so.

As for Wall Street, based on mixed earnings outlooks from various corporations and the fact that a slew companies will announce earnings next week, Wall Street is dancing back and fourth like the little boy who is holding his bladder with knees bent inward and is hopping from foot to foot. Or for you Southerners, Wall Street is as nervous as a long tailed cat in a room full of rocking chairs.

With that said, the markets have been mixed for most of the day with banks up strongly (again, go figure).

Have an empty bladder day.

[ 04-09-2002, 04:13 PM: Message edited by: onthepequod ]