Brief Market Update- Middle East Comments. Lange Financial Services

[ 0 ] February 21, 2011 |

While US Markets are closed today, the markets overseas are down as much as 2%. Gold is back to over $1400 per ounce and crude OIL up 6.15 % at $91.50. Triggered by the spreading uprisings in the Middle East, the market seems ripe for the inevitable correction and one that has been anticipated by many pundits for two months and more. Our recent thinking has been for a pullback of 3%-5% as stated here. We will watch events carefully, see how Middle East events unfold, and give more comments on the site tomorrow after our markets open.

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Category: Markets and Trading, Politics