Wednesday, September 12, 2007

Another Quiet Morning

Another day with relatively little news coming out. This seems strange considering what we've been getting over the past month. I see stocks trading flat to relatively higher until next weeks Fed announcement. The entire market is hinging on that decision, and it is the only thing that is really newsworthy right now.

Oil is trading awfully high, which could bring back the debate of: at what point do oil prices really start negatively affecting this economy? It has been talked about before, and even with oil prices climbing, most companies have been able to absorb the added costs. Although most probably are passing the costs on to the consumer. I think $100/barrel is probably the magic number where things could get difficult.

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