Comment

Overnight Open Thread

330
3 wood3/16/2009 4:07:41 am PDT

Good morning.

The market futures are pointing up again this morning. OPEC decided to not cut production (which means they are hurting so much they need the money too badly, plus they do not trust each other right now to comply) which means oil prices should be staying in the same lower current range for a while.

This, of course will not mean much if Treasury Secretary Geithner continues to dither and stammer and watch the banks keep bleeding to death.