A lot of Passion this Morning

Whether it be politics or markets, players are very exciteable this morning, change is in the air everywhere and most do not want change. 

In Israel President Bush has entered the Presidential race after the Mississippi Republican rout and Edward’s endorsement of Obama, no way around it the Republicans want Hillary to be the opposition. 

On the same wave, the Oil market is rolling over, and yet we get a number of bullish calls on oil this morning.  Be patient, we are staying with the outlook as the market churns at the highs. 

The stock market backed off from its swing point late yesterday. Now it will have to find it’s footing within the topping formation.  Fundamental reports on the economy were all bearish this morning, no surprise, this market is not going up because the recession is not going to happen.

8:50 AM CDT

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