It seems like everyday I am blogging about the price of oil and how that in turn is affecting markets. In a way this is true and effective but it isn't everything.

I did not get a .50 point cut like I wanted and the Fed also signaled a pause for the next meeting.

Let me be the first to say that I did not know that the FMOC meeting (Federal Open Market Committee) that started today continued until tomorrow.

An eerie feeling came over Wall St. today as traders were nervous to start or end positions on Monday as the rate cut loomed over their heads.

Today the market rallied with the dollar. Apple (APPL)announced much better than expected earnings. The star of all their impressive gains was the 51% increase of Macbook sales.

To begin my first post in 2008, let me say that the economy is experiencing a slowdown. Maybe it will be over tomorrow, maybe in half a year.

The question in the title is one that everyone asks. To me this is like asking if the Pope is Catholic, OF COURSE oil is going back up and eventually to $100 per barrel.

With a dissapointment from the Fed, markets are seeming to wobble downward looking for any news that will spark a comeback.

It seems almost counterintuitive that the market would fall as hard as it did yesterday with the Dow dropping almost 300 points. Usually when the Fed makes a rate cut the market rallies heavily.

I know that I write about oil a lot but that is because it is a market mover. Oil prices affect the entire scope of the economy.