Posted by Davy on October 29th, 2007 in Market Commentary
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Asia indices up 2-3% across the board on I-don’t-know-what. According to Bloomberg, investors are happy about $93/bbl oil and believe Angelo Mozilo’s thoughts that the worst of the housing mortgage crisis is over. Suckers.

Look at gold sitting at a few bucks shy of $800. With oil @ $93, this should make the Fed meeting a little more interesting — if still irrelevant!