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Forget Lehman: This News Is Much More Interesting

In all honesty, the headline that you just clicked on might not be completely accurate. I just know that among the professionals I run with, everybody is sick of the financial sector. And somehow I doubt that sentiment is limited to just my group. In fact, I’m sure that even the financial sector feels that way.
For that reason, and because you can find more information than you ever cared to know on Lehman and the rest of their bunch anywhere on the web, I’m not going to touch the subject any further than I already have.

And yes, shockingly enough, there is more news out there. Not much, admittedly, but there is some.

For example, oil has gone down again, while in the U.S., gasoline toll is reversing direction from its usual comrade. Typically, when oil falls, so does gasoline. But then again, Hurricane Ike isn’t a typical occurrence.

While the damage the natural disaster caused isn’t as bad as people originally estimated, it still did enough damage to refineries along the Texas coast that Americans are likely to feel the sting of higher gas prices for several weeks to come.

The good news is that with oil plunging even further below that beautiful $100 mark, it still isn’t showing any signs of stopping it’s downward trend. So hopefully, we’ll still benefit from low oil prices by the time Hurricane Ike washes away.

Of course though, the reason oil dropped so significantly this time around is because of the L-word which I’ve previously sworn not to mention, and the resulting aftermath. But oil was dropping before this latest crisis, so it has a shot of continuing just that.

http://www.smartprofitsreport.com/archives/2008/gas-prices526.html

 

 

 Tuesday, September 16, 2008 — by Jeannette Di Louie, Assistant Editor of Mt. Vernon Research
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Article written by Jeannette Di Louie · Filed Under Smart Profits Blog 


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