Stock Market Update -May 11th

The market gave up some ground last week with bigger than expected losses from AIG and Fannie Mae, and oil prices topping $126 per barrel. The US Dollar pulled back a bit, but I expect it will move back up to test the 75-76 area.


Next week we have more earnings -some of the big names reporting include Walmart and Hewlett-Packard.

News stories:
Can Citi Find $400 Billion in Assets to Sell?
Oil prices at more than $126 a barrel
Some See Oil At $150 a Barrel This Year
Venezuela, China set to ink new oil deal

The dollar danger is not over yet
American housing -Map of misery
U.S. April Business Bankruptcy Filings Increase 49%
Ethanol Fantasy Fuels a Food-Price Nightmare

Other stories:
California man losing nine homes in mortgage mess
Clashes in northern and eastern Lebanon, outside Beirut
Stocks and Indexes mentioned in this blog are for educational and illustration purposes only.