Thursday, August 14, 2008

Oil Jumps but don't worry, don't let that trouble you. Sleep. There we go.

"Companies' quarterly reports disappointed investors hoping for any signs that the economy, if not on the mend, might not be weakening."

NVDL: Yup, we have investors and experts hoping...while reminders recur that errr...the economy is still hurting. Happy snoozing in the land of happy delusions.
clipped from news.yahoo.com

An advance in oil prices also tinged investor sentiment. Light, sweet crude rose $2.81 to $115.82 a barrel on the New York Mercantile Exchange after the government said U.S. crude supplies fell unexpectedly last week.

On Tuesday, stocks fell sharply on news from JPMorgan Chase & Co. and other financial companies that reminded investors that the credit crisis is still hurting the economy.

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