After three days of setbacks due to the uprising in Libya, stocks were able to make back some of their losses today. Oil futures finally stopped raging late yesterday which created some stabiity in the market. As you know markets do not like uncertainty, so a little comparative moderation has a soothing effect. Although oil futures did rise $12. for the week, strong consumer sentiment allowed stocks to advance.
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Ain't life great?
I hope events in Libya will work for the best, I am afraid of the Muslims expanding but can't say I am not happy for the Libyans, it is good to see democracy finding its way
Feb 25, 2011 10:38 AM
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