John Pseudonym

Wednesday Outlook: Commodities, Emerging Markets

Prediction:

Wells Fargo execs are now selling their shares and this news will sink the stock once again.

My guess is that they announced the dividend increase and did everything they could to paint a "rosy" picture of their business in order cause the shorts to run for the door.

Now they have a second opportunity to get out with their heads and I bet you they will take it.

High Steel Prices: A Preview of Peak Oil

Major construction projects canceled here... A new city hall worth $63,000,000 was canceled due to a 15% increase in the cost before the funding for the original $63,000,000 price was even approved.

At $73,000,000 and climbing, the taxpayers said no way!