The market opened mixed and traded down around midday. The Chinese Shanghai market is up big this morning with a massive 8% gain. Wow! Is the Chinese market back? There are still many signs of uncertainty, such as is recession coming, who will win presidency in 2008, more write downs from many corporations, and more inflation is coming?
But one thing is certain, maybe some companies valuations are low, look at (SGTL) is taken out by the Freescale. Looks like the coal related stocks, such as (FDG), (ANR), (PCX) are up in the current down market. Maybe coal is the short term answer to the energy problem for now.
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