By Josh Hayes on January 23, 2007
Stocks were looking very strong today until an afternoon selloff wiped away almost all of the gains. The sell-off started after news that President Bush stated that he would try to double the Strategic Petroleum Reserve as a hedge to supply disruptions. I interpret this to mean that a conflict with Iran will mean a [...]
Posted in default category | Tagged breadth, disruption, djia, dma, downside, fleets, iranians, moving average, nuclear weapon, NYSE, persian gulf, president bush, sp 500, strategic petroleum reserve |
