What's in the wind for US stock markets ?
Most of my past weeks comments are still valid. 1) Interest rates got a mini shock from China raising their central bank rates 2) US energy prices get Bush's attention and their proclomation of remedies will add to the confusion. The Administration's blurb has the Democrats stirred up on Big Oil & Pres.& VP's connection. The reading of these indicates that Governments believe economies are growing fast so are slowing this down with rate increases. Also that China has a large effect on the world markets as stocks are down in 100% of European countries and also US futures & indexes. Even Gold, & commodities including oil are volatile and drifting down the past few days. The above indicates an opportunity for good entries into the strength of O&G & commodities and precious metal companies. Likely the heating up of the world economies will be abated for the short term ( few months). A winner in the turmoil is gambling stocks as they know how to place a bet. My 3 favorites there remain, IGT, SHFL and PENN. It as usual is true that there are always some opportunities to invest long on stocks but for those that don't believe in this opportunity, it is easy to short stocks. The one area worth watching is the spread of Avian Flu. The global status is the flu is continuing but if it hits US watch out below. If nothing else the price of poultry which is already low will sink. That is the chicken little read for today. Whate are your comments? Post comments at bottom option.

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