This morning I woke up and immediately noticed that the price of oil has plunged by more than one percent. I was stumped. I wondered what happened? Flipping through the business news I came across an article about the boycott of Iran oil. It has been delayed by about six months. So, that's the reason. Other than that, figures out of USA has not been as good as expected although there are some optimism in Europe over the bond sale of Spain and Italy. However, be cautious. Its only a short term bond. We still need to see the yield for long term bonds.
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