On 14 August 2008 (GMT), Dow Jones Industrial Index, Nasdaq and S & P all jumped into a state of rally as crude price in midday shows a dip at $114.51. As inflation fears becoming more of a problem these days, optimism on inflation ease can be a major good news for Wall Street. We have all see a drop in most commodity prices like Gold and Crude oil which had brought some light to the investors in bringing hope that the economy can indeed improve.
It is largely believe and also hoped that crude oil price will decrease further in the long term. However, a short term rebound can be expected as oil has fell relentlessly over past weeks. If crude oil can be ease to less than a hundred, economy will be further stablised and greenback will get stronger against other major currencies.
Above are all personal opinion and not at all an inducement to trade.
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