So now we’re hearing stories that the Mubarak government in Egypt is bribing citizens with promises of food to take to the streets and violently confront the protestors. Pro-Mubarak demonstrators have been linked to attacks in foreign journalists. It would seem as though the Egyptian military will...
Bloomberg reports that Brent crude prices topped $103 a barrel today. Brent crude is the benchmark for two-thirds of the world's oil supply. Global oil markets are clearly concerned about escalating troubles in Egypt, Jordan, Tunisia, Yemen and a handful of other Middle Eastern countries. The potential...
The correction we’ve been monitoring certainly picked up some steam on Friday. The rioting in Egypt gave investors an easy excuse to drive stocks sharply lower. And there should be no surprise that tech stocks and the Nasdaq bore the brunt of the selling. Tech stocks were strong momentum trades...