Wall street rises on Buffett promises!

Well, the bond insurers must be feeling like the manna has started pouring, and one cannot really blame them for feeling that way after all that they have been through in the last few weeks. With the news that Buffett has promised to help ease their money problems, the bond insurers are feeling a little bit easier to breathe these days.

Not that this means that all the problems are over, but just that money has finally started to flow in a little bit to allow everyone to take a little time off. With this news, the Wall Street has started to rally. It seems that any news that is good these days seems to push the market upwards and anything that is even the least bit negative has the opposite result. One can almost imagine that the Markets have become overly sentimental as a result of the recent upheavals. Either way, the momentum for today seems to be good and one can only hope that it carries over for tomorrow as well!

Oil touches 100$ - well almost!

With various issues raising their heads all over the world starting from the Musharraf emergency and worries about Pakistani nuclear weapons to Iran and the nuclear weapons program to Middle east violence all these seem to be contributing a lot these days to the Oil bull run. With no end to saber rattling in sight, the Oil is bound to remain high for the next few days anyway.
This is all the more true as the demands on Oil futures seem to keep going up and as usual OPEC is not going to do much about the 100$ dash. With no end to all this in sight,maybe it is time that we all took to the issue of 'alternative fuels' a bit more seriously!