The last couple of days have been hard to endure, if you are invested in equities. The price of oil and the weak job growth in July has spooked investors. Oil is at $45 a barrel. I predict that oil continues to rise until the election. If the Middle East can keep oil prices high, the US economy will drag, the Market will continue its sell off. This in turn could ruin President Bush's re-election. Just an idea. Venezuela is a wild card as well. Who knows what will happen there and the country's oil production after Sunday's recall vote.
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