Energy

The Dow fell 372 points as Paulson’s plan was met with uncertainty. The US dollar was trashed. Oil made an artificial spike.

Another 368 points in the Dow. Heavy volume. The world awaits.

The recent falls in the oil price are presenting policy makers in China a good opportunity to address the issue of fuel subsidies.

The US Treasury has a plan that will involve rescuing the entire financial system, not just those institutions which look like failing. A snap short-covering rally sent the Dow up 410 points. (Locked for subscribers until 10:00 AEST)

Remember US$200 oil? Wasn’t that where we were headed?

Fear gripped Wall Street last night as corporate bond markets crashed and investors rushed out of equities and into Treasuries and gold. The Dow was down 450 and gold up over US$80.

AIG may go the way of Fannie and Freddie. Fed leaves the cash rate unchanged. Strong results from remaining investment banks. Dow up 141.

The share price is rising and brokers are jumping on the CSG bandwagon, but there’s still a big gap between the share price, target prices and the independent expert’s valuation.

Crude oil crashed through US$100 per barrel yesterday.

The Dow fell 500 points to new lows as AIG nears bankruptcy. Oil fell over US$6 as commodities (but not gold) are again shattered.