long_on_oil

Wall Street Breakfast: Must-Know News

This administration is doing what Bin Laden couldn't, they are taking America down without firing a shot. The people have elected the smartest communist the world will ever see and they didn't even know it. My God people, wake up and smell the signs of a take over.
#1 Try to buy ammunition other than shotgun shells, if you can find it you will pay 3X what you should.
#2 Government take over of the banks and big businesses via the power of the purse and congress. Throw out the constitution when it gets in the way of your goals.
#3 Redistribution of wealth; use the tax code to steal from the rich and give to the poor. Put the nation in debt and debase the currency.
#4 Renew relationship with communist Cuba and any other country ran by a dictator.
#5 Pass any law that will take away the power of the individual and give all power to the people and do it under the guise of global warming.
The list goes on and on, and we just sit back and twiddle our thumbs and talk about how great our first black president is going to be.
WAKE UP AMERICA...our brave veterans did not die for the government we are headed for.

Wall Street Breakfast: Must-Know News

I meant to say auto manufactures in previous post, not autoworkers

Wall Street Breakfast: Must-Know News

Love your comments Prudentman. You are spot on. The Dems owe the election to the Unions and they want to pay them back with taxpayer money. And point you made about the workers going to other manufacturers like Toyota and Honda is right. Trained autoworkers are hard to find so the autoworkers that remain will hire them in a minute.
With gas below $2 a gallon you can bet alternate sources of energy will not come on line anytime soon. So if the dems want to develop alternate sources of energy they will have to get the price of gas above $3.50 a gallon and they will have to keep it there.
I am predicting a federal tax to get the job done. They will call it an alternative energy tax and pass it with the guise that the tax money will be used to develop alternate sources of energy. Hold on to your wallet the greenies are taking over.

Wall Street Breakfast: Must-Know News

Auto solution, let GM merge with Toyota and let Toyota run the company. Let Ford merge with Honda with Honda the managing partner. It is clear American management can not run a car company. I am sure these two companies can find a way to manage the health care and pension plans, if only the government would leave them alone.
After Toyota and Honda take over the government could give the consumer a $3,000 tax credit to purchase a car. The tax credit would keep the auto industry afloat and workers income tax would easily pay back the tax credit money.
Unemployed workers sure don't pay income tax. We have to find a solution that will not require a tax payer bailout.

Wall Street Breakfast: Must-Know News

If the so called experts don't have a clue as to what to do how in the heck is a candidate with 143 days experience in the US Senate going to fix this mess. Wake up people the closer Obama gets to the presidency the more the markets fall. The market was at an all time high and everything was going great until the democrats promised to lower gas prices and change things 2 years ago.
Well we are now enjoying the results of the change. Lower gas prices - yes, country close to bankruptcy was the price we paid.
We are focusing on electing the president and we should be focusing on throwing the democrats out of congress.

Wall Street Breakfast: Must-Know News

It all boils down to market cap. If a company has 1 billion shares at $10 each it has a $10 billion market cap. If someone sell one share at $9 the entire market cap drops $1billion. This insanity is creating just that. If all of us would hold our shares and not be willing to sell at these low prices this thing would turn around. Don't let the shorts borrow your shares because when you do you are financing your own destruction.
If that same company mentioned above had one share trade at $11 the market cap would increase $1billion (if only for an instant).
The bad thing is when you sell and take the cash you are helping the government reduce the money supply by the amount of your loss. Good for the government ...bad for you. It sure controls inflation. Heck, we can buy shares now at 1980's prices. How's that for controlling inflation.

Wall Street Breakfast: Must-Know News

The total outstanding shares of a company should be the total that can ever be traded. Naked shorts allow more shares than the company has outstanding to be traded and this should never be. If Obama corrects anything I hope it is this.
I am not usually political but if I remember right all the problems we are facing now have come to light during the past 2 years since we put the Democrats in charge of the congress. The dems promised they would take care of the high price of gas 2 years ago and we put them in. Well we all know what has happened since we put in the democrat congress.

Wall Street Breakfast: Must-Know News

Ditto Eddie64, you hit the nail on the head. I just wish I would have been smart enough to go to cash when the market was at 14000...lol
But doesn't everyone.
The collapse of all these financials is creating major buying opportunities like we haven't seen in years. They are having to liquidate equities with no market price buyers.