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In looking for something to do I started to scan my
stock list. All I can say is that things look real ugly right
now. In many instances price didn't rally much in the face of good
news, short covering and bargain hunting. With expiration tomorrow it
appears that a lot of puts might get exercised. If that does in fact occur
there will be more downside pressure on the markets. Monday's price action
should be interesting.
The inflation report today didn't help things
any. Another move in gas prices to over $2 per gallon in my area
reinforces what I have been saying for months. The government may not
realize that there is inflation by their numbers, but by mine, the cost of
living has been increasing across the board for a couple of years.
Have a good week end.
Ira
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