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Thursday, August 7, 2008

Worst Dow Day Since End of June: Down 225 Points

Tracking Bob Brinker's "wildcard" (the price of oil), which he claims is "directly" correlated to the stock market:
  • Today, the S&P closed at 1266 -- down 1.7%
  • Today, Oil closed at 119.95 -- up 1.16%
January 4, 2008
(S&P 1468.36) Bob Brinker said: “We expect the S&P 500 Index to achieve new record highs this year and to reach the 1600’s range…….attractive for purchase on any weakness in the S&P 500 Index mid-1400’s range.”
Some humor courtesy of "SeaBiscuit":
Rising oil prices brought down stocks

He says it's beyond a shadow of doubt

What a pathetic attempt to wiggle out

From his complete and total rout

Brinker Shave!

Some beauty from my green-thumbed sister-in-law in Idaho. If you have a big screen and enlarge the picture with a double-click, it's simply gorgeous:

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