Wednesday, January 2, 2008

Oil blew up the market

The market started the day off to a high note, with many coming back still jubilant from last night's festivities. However, this quickly melted back to the 2007 fearful and jittery market, with high oil costs and geopolitical insecurity weighing heavily on the minds of investors.

However, not all is lost. I still firmly believe that financials are due to rebound. Other good picks are of course the energy sector and any emerging markets non-Asian.

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