Wednesday, November 5, 2008

Market Cheers End of Bush Administration

"we may see a further rally because of relief that the Bush administration is finally coming to an end"

That is the way we are ALL FEELING!!!!

"Oil jumps above $70 as dollar drops" by Bloomberg News | November 5, 2008

NEW YORK - Nauman Barakat, senior vice president of global energy futures at Macquarie Futures USA Inc. in New York:

"Sentiment is changing. Billions of dollars of liquidity are being pumped into the markets. Tomorrow we may see a further rally because of relief that the Bush administration is finally coming to an end. The Dow could surge on the euphoria and drag the crude market even higher." --more--"

That "liquidity" he's talking about is where? Banks are HOLDING on to the MONEY!! Just read the few sets of posts I'm starting with!!!