Global Market Comments for July 21, 20081) Crude is dead. Traders are now gunning for $120. The general consensus for commodities is that we go down for the forseeable future, and then go back up again.2) Internet users in China are expected to increase from 250 million to 900 million over the next 5-10 years.

Global Market Comments for July 18, 20081) Crude was stable today. A big part of the selling this week has come from bank sales of crude holdings to shore up balance sheets. There was a major effort to make sure that the crude August $130 calls, where enormous positions had been built up, expired worthless

Global Market Comments for July 17, 20081) Crude broke down to $129, down $6?? on the day and down $19 from a high a week ago. Stocks loved it, flying another 200 points.2) Traders are still reeling from the explosiveness of yesterday's move in financials. Lehman (LEH) was up 37%, Bank of America (BAC) 24%,

Global Market Comments for July 16, 20081) Weekly Crude inventories jumped 3 million barrels on the back of rapid demand destruction, sending crude down $7 to $132. We have dropped $16 since last week's high. If we can break $129 look for another rapid $10 drop to $119. This bubble may have burst. The airline

Global Market Comments for July 15, 20081) Crude fell a breathtaking $10 to $136 on the Bush announcement lifting the ban on offshore drilling. Options expirations this week helped.2) Apple sold one million new 3G IPhones in the first three days, more than double the most optimistic forecast.3) Christopher Cox, chairman of the SEC, announced