Took a gander at the DJIA just now and it is down 200 points already.
Okay profits were taken last week. Monday and Tuesday folks bought up some undervalued stocks that got caught up in the correction. I guess that bargain basement sale is over.
Some fun things to watch this and next week,
> Mideast & Russian oil future production meeting. Estimated to be cut 1M to 2M barrels a day
> September CPI coming out on Oct 13th
> Petrol and diesel climbing again.
> Spot crude inching up again by .5 to a point a day
> The administration is still pulling crude from the strategic oil supply
Should be an interesting seven days. Stay tuned