With all that’s been going on in the credit markets lately it seems that oil gets a sound bite here and there and not much more. Oil ($USO) has sold off substantially lately and the once mighty crude ($150 a barrel in July) closed under $79 a barrel! The crude inventories that typically come out
The Next Big Thing From Uncle Sam…
The biggest catalyst today was the announcement that the government, along with the mortgage industry, will be helping those hurting. The idea is that the “troubled loans” that some homeowners got into can be renegotiated to better, more stable terms. It is hoped that the investors who were flipping homes are out of the market