Gigem77

Options Trader: Friday Outlook

So copper and oil need to fall, the dollar needs to recover over 75 and housing needs to bottom. Well, that reminds me of an old joke about a couple of cowboys crossing West Texas. One says, "all this country needs is some water and a few good men". The other responds, "that's all hell needs".

Chinese oil imports just hit 8 million barrels per day. That year over year growth more than compensated for the drop in U.S. consumption. tinyurl.com/5wlpof

Growth in population and in the middle classes of China and India will keep upward pressure on commodity prices.

Bernanke cannot adopt the policies of Volcker without killing the banking system that he is trying to save. Ergo, the dollar is toast.

The fact that a failed former fed chairman can still move the stock market is an indication of how speculative and fragile it has become.

We pulled out of the recession of the 80's with massive new innovations in computers and communications. What's the basis for optimism this time? That's where I want to invest.