JPMorgan Chase just bought Bear Stearns for $240million or so, aquiring assets of over $30Billion.

What this means is, St. Patricks Day will be green, either running out of your accounts, or running in.

Forget the price of oil, thats the least of the players tomorrow. The market will either stay stable and oil will start to drop, or the market will go nuts, likely falling, and possibly hit its limits which will shut it down early. If the market goes nuts, oil will go up.

However, the experts had already said that the price of oil was on a bubble, which could burst at any time..... meaning sometime this year. If it doesn't go tomorrow, it'll be fall before it does.

My opinions are all subject to change pending tomorrows excitement recap.

This part you should listen to and take action on: Check up on your investments TOMORROW, and get the best advice you can get.

 

Asian markets are in free fall as we speak.

It looks like the green will be running out of accounts rather than in when our markets open this AM.

I hope you are wrong about the price of oil my friend, but I am afraid your insight is more likely correct.

 

The Fed dropped the prime on a Sunday. I don't think it was in anticipation of a good day.

 

I can't see the price of oil dropping anytime soon, it is a supply/demand issue.
Now the price of everything else is expected to skyrocket due to the current oil prices.

 

If, by "supply" you mean OPEC refusing to raise production in order to further damage our economy, then I agree.

The dollar is so weak, with oil pricing tied to the USD we are in for a LONG summer.

 

Of staying home and drinking beer

Here's some interesting reading....especially 3/4 of the way down under the "Outlook for 2007 & 2008"
http://www.eia.doe.gov/bookshelf/bro...sel/index.html

 

Wonder where it is I can buy that $2.70 a gallon diesel?

We just bought 300 gallons of home heating oil for the low, low price of $1,026!

Nice huh???!

 

My camper works just fine parked in my yard , and the beer tastes just as good!

 

dansville NY

I am gonna go back to brewing up biodiesel. I hate new York.

 

...market free fall = a buying opportunity for some of us.

 

Justwannabeme,

Where abouts in Dansville? Seems like that more people pop up in Rochester every day! Feel free to brew bio and sell some my way I’ll be doing a WVO conversion once I come home from after my vacation at the end of the month.

Keep in touch!
Shawn

 

Yup!!!!


Bring on the value priced shares.

 

nothing better than a man who knows how to take a bad situation, and make it work for him!

 

As has been discussed at length, its really not a supply and demand issue.

 

Well, the market stayed relatively stable, climbing back to Friday's close. Thats doggone good for opening at 150 points lower. And oil dropped $4.50 a barrel. I'm not hopeful, but they say the guys in that market are now finally, concerned about the possibility that the oil won't be in as much demand, and thus they need to get out of that market.

Apparently the Dow did well, but all others got dinged. Tomorrow will tell.