Thursday Outlook: Commodities, Emerging Markets

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Credit crunch easing? Not according to this astonishing Bloomberg report citing difficulties with corporate debt.

I wonder how big this story from Bloomberg will be if true. How much in the way of mortgage money will they lend? To only new buyers or everyone? The devil’s in the details of course. But, no question about it, this type of program will give bulls further incentive to keep pushing prices higher. Also, given the steady diet of bad news with markets rising in reaction, we may be in for a surprising rally.

Sorry to cut this short but it’s the wife’s birthday and a celebration ensues.

Have a pleasant evening.

Disclaimer: The ETF Digest has no positions.

Comments

[Pipo:]

Tee oil chart looks awful. As Kyle Cooper, an analyst at IAF Advisors said “It’s all about demand, demand, demand,”

www.oiltradersblog.blo...

2008 Dec 04 06:19 AM