DOWn 100 points

The Down Jones Industrial Average was dow nearly 100 points, 99.80 to be exact and our economic crisis gets worse everyday as the global financial outlook continues deteriorating. A dramatic drop in corporate earnings means that stocks will move lower next year.

Good news is that today oil fell below 40/b and is still falling on weak demand. The OPEC record cut of 2.2 million barrels per day was not enough to turn the tide against a weak demand.