Home > ... > Forum 60085

Oil, Unemployment Double Whammy Rocks Wall St.

7 June 2008, 06:53, by Jacob

It’s obvious we’re heading into a depression, at least through Labor Day, or maybe Thanksgiving. Yesterday’s 200 point gain was obviously fuelled by short covering. The advisors on CNN and Bloomberg are preaching that we are experiencing a buying opportunity so they can try to support the market while they dump their stocks.