Wrap – Week Ended 1/02/09

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Other than a significant plunge in the rig count I don't have a lot to add to my post from Friday morning outlining what happened in 2008 with a prognostication or ten thrown in for good measure. Click here to access that post. I'll have some rig charts and comments out with the Monday post along with the regular features and a group multiple update and later in the week, a look at the Single Digit Midget list for 2009.


4 Responses to “Wrap – Week Ended 1/02/09”

  1. 1
    zman Says:

    Crysball, you’ve just about got me convinced I should pick up a copy of Swan. Now here’s one for you

    “A Conspiracy of Papers” by David Liss. I’m a big historical fiction reader, this one revolves around the 1700s London financial markets and the hatred of stock jobbers, very Holmesian feeling to the writing. Anyway, an appropriate read after the Madoff scandal.

  2. 2
    zman Says:

    Oil opening up $1.50 at $47.80 Sunday evening, probably on Israel decision to go in on the ground.

  3. 3
    Nicky Says:

    Ram – In response to your question posted Friday –

    I think we are in wave 4C up targeting maybe as high as 52 before we turn lower again in what I think may be a move down towards 30.

    Broader markets also may chop higher but up cycle is starting to run out of time. SPX could see 950 and Down 9400 – 9500 before we turn down into mid – end of January.

  4. 4
    ram Says:

    Thank you Nicky.

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