Watchlist for 08/29/2007

The Asian markets are pretty edgy to say the least. The yen carry trade seems to be unwinding with the yen climbing and climbing. That must be putting a lot of pressure on funds and individuals that have borrowed the yen to invest in other markets. Things like that and the subprime mess really makes me wonder if the Fed should change policy to save the behinds of the greedy.

My guess for tomorrow morning is that the markets will open with weakness. Shorting would be the call of the day, but you never know. My focus will be on oil stocks and metal/commodity stocks and ofcourse the financial stocks.