Tuesday, July 27, 2010

Morning Yuk

Oil Trades Near 11-Week High; Goldman Says Crude Too Cheap

"Oil traded at about $79 a barrel before a government report due tomorrow that may show U.S. fuel supplies increased last week. Goldman Sachs said futures prices are “significantly” below the level warranted by “fundamentals,” offering buying opportunities for this year and next."

Really? Better read your Chief Economist's paper from last week. 
Second Half Slowdown                                                               

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