Oil is up as the dollar is strengthening. There is an emerging consensus that we are focusing away from problems in the U.S. to a more global problem which is giving the greenback a lift by default so to speak. The commodity sector should be in focus today.
FNM reports and cuts dividend. Oh what a surprise. I'll check in later.
Friday, August 8, 2008
It's Friday
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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