soaringphoenix
03-29-2007, 05:36 AM
AS I SEE IT: High Oil prices, lower Bond prices, and Mr. Bernanke telling Congress that housing prices could be a problem, caused the market to give up some ground again today. The Oil market is a little overbought in the short-term, so unless we have further tensions in the Strait of Hormuz the Oil price can come down a little, and the market could gain some ground into Window Dressing the next few days.