Oil Prices touched $100 a barrel today on the first trading day of the new year. The market tanked today from the weak manufacturing reports. There are many talks about an upcoming recession. The market certainly does not look good right now, and the dollar is still very weak.
I realized most of my losses in my portfolio before the end of last year to offset my gains. My biggest loss for the year was WM. I will have to assess the damage the credit crises has done to my portfolio. And I will put 2007 behind me so I can prepare for a new year. I will do more research and see which stocks and funds I should invest in for 2008. With high oil prices, the upcoming US presidential election, housing, credit issues, this year should be very interesting.
Good luck everyone. Be careful if you are trading in the markets.