Fox & FRiends just reported that the futures look like they are correcting themselves. Still a long way to go, but better than two hours ago, that is for sure.
DRUDGE IS SAYING THE MARKET COULD OPEN 500 DOWN OFF THE BAT THIS WOULD NOT BE GOOD AT ALL VERY VERY BAD
Goldman Sachs said if all speculative length were liquidated on the oil markets, prices could drop to the low $80s, but fundamentals of supply and demand would probably prevent funds from selling out completely.
"Fundamentals continue to show little sign of weakness and suggest that the recent sell-off is overdone," Goldman Sachs wrote in a note.
http://news.yahoo.com/s/nm/20080122/bs_nm/markets_oil_dc_11;_ylt=AgxSbq70Nmw3ktsdEBqNjLME1vAI