The old saying iss that when things were going bad you were hitting the bricks. Now we are hitting up the BRICS. Oil prices are rebounding despite a slew of country and bank downgrades mainly because the markets are hopeful that global leaders are ready to hit the market with a Bazooka of borrowed money from the cash rich emerging markets like Brazil, Russia, India and China. The International Monetary Fund, along with emerging market economies, are working on a way to build the International Monetary Fund's firepower to prepare to get ready to shock and awe the global debt ridden economy out of its flat-line dismal direction. The Financial Times, or the FT as they like to be called, says that discussions, in parallel with talks in the eurozone about creating a bigger bazooka to intervene in financial markets, are aimed at producing a confidence-boosting announcement by the Group of 20 heads of government summit next month.
Let's face it the biggest moves in oil are more about EU hopes and bailouts than it is about supply and demand. Oh sure, we moved a bit on a big drop in refinery runs and the bigger than expected drop in gasoline and distillate supply, but it is maintenance season.
The market seems pleased that China's inflation rate fell to 6.1%.
The Wall Street protestors are demanding change and the redistribution of power! I agree! Change your business channel to the Fox Business Network where you get The Power to Prosper and see me every day! Also change your trading results by opening your account with PFGBest! You can also get a free trial to my daily trade levels and open your account! Call me and let me explain my trade levels. Call me - Phil Flynn - at 800-935-6487 or email me at email@example.com.
806 W. Washington Blvd.
Chicago, IL 60634
312 563-8344 / 800 935 6487
There is a substantial risk of loss in trading futures and options.Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.