Wall Street gets ready to face 'Monday blues'

The Oil price surges coupled with the already existing credit crisis in the markets and on top of that weak economical data have all made it all too easy for the bears to reign in the markets on Friday. If things were to remain true to the current trend then it seems that 'Monday blues' is all set to bit the Wall street right where it hurts the most.
With the demand on Oil still going strong, the Oil futures have just come down from the 90$ mark. But the opinion of the many is that the price has come down only to push up to all new heights come Monday.The OPEC is not doing much as far as increasing the production of Oil so as to relieve pressure in the futures market. Now with the weak economic data along with bad Q results from some of the top companies, we may all see gloomy days ahead in the market, playing out to the bear's tune.

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