This morning seems to be shaping up a lot like last Friday. Did everyone decide to just sell and head out to the beach?Oil is spiking higher today, after really looking like it might start to break down yesterday. Oil has been hovering as high as $136 today, up nearly $4. The energy and ag stocks are mostly higher.Moody’s downgraded MBI and Ambak (ABK) further, and this seems to be weighing on the financial sector as a whole. There has also been some worries about the European banks, following the writedowns we have seen in the U.S.[...]
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[Source: The Money Blogs]
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