It's all about the oil

Besides the bad economic news you are hearing just about every day, the next few weeks are going to be about oil and gas.  Israel pushed into the gaza strip is going to affect crude oil prices, since the market tends to get a bit nervous whenever there is conflict in that region.  Russia also cut off gas supplies to the Ukraine so your going to see prices going up in that market, doesn't matter that it's half a world away.

So if you are like me and watch the market as a serious hobby then some stocks of interest may be Exxon Mobile (XOM), Chesapeake Energy Corportation (CHK), British Petrolium (BP) or any of the other big movers and shakers.  The oil & gas ETF's should be a good investment at the moment until the end of January, if Obama gets his stimulus passed and it includes all the alternative energy subsidies that I think it will then you may see a market drop at that point.

In other news, the Eagles won!