jjc7477

USO: Is a Probable Capitulation in the Works?

Ok Mark,

What gives? Here is your posting from the 25th article titled: "Buying USO is a no-brainer":

'Time to try and catch a falling knife: I usually don't recommend trying to pick a bottom, but with USO's extreme oversold condition, it is a definite buy at these give away levels. The shares have simply dropped too much in too short of a time representing a more than compelling opportunity. IF USO continues to fall, I would simply buy more to dollar cost average. The upside potential simply dwarfs the downside risk at this juncture. I suspect the downside potential is about $5, while the upside is more like $30.'

and now your posting from above:

'Don't try and catch a falling knife. Wait for the shares to commence a trend change and begin buying as USO starts to rally'.

If these two articles were more then four days apart there might at least be some reasoning to support the contrary positions, but now it just makes me question your credibility. Which way is it: buy now or wait until later???

Is the Second Great Depression Imminent?

I found this quote and I thought it really hit our issues on the head:

The children now love luxury; they have bad manners, contempt for
authority; they show disrespect for elders and love chatter in place
of exercise. Children are now tyrants, not the servants of their
households. They no longer rise when elders enter the room. They
contradict their parents, chatter before company, gobble up dainties
at the table, cross their legs, and tyrannize their teachers

Socrates 400 BC

We are living in very troubling times, but if we managed to live through tyrants such as Hitler in the not too distant past, I think we'll survive this too. Granted, it may require us to do things many have never learned (our younger generation) and the rest of us have forgotten (those old enough to remember the 60's and 70's), but frankly, a return to values will save us. I do not believe we will be reduced to rioting in the streets and carrying guns and knives for protection.

Thursday Outlook: Commodities, Emerging Markets

Dear Sieraromero,

You forgot a few zeros there my friend. You just covered the first 350 Americans. What about the other 299,999,650?
However, if you'd like to make me one of the 350.......

Friday Outlook: Commodities, Emerging Markets

I can only say thanks Dave for the definitions. For the first time in over a week I actually laughed until I cried. Actually, I've been crying all week!!

John

Thursday Outlook: Commodities, Emerging Markets

Dear Gabe,

It would be a heck of a lot easier to swallow your extremely optomistic argument without the following factors: 1) Foreclosures 2) Consumer Credit 3) Unemployment 4) Stronger dollar offsetting the one bright glimpse of hope-exports.

Anyone who believes we are going to return to the golden days of "buy now, pay later" is in for a very rude awakening.

A perfect example took place yesterday. I lease a Cadillac DTS for my business which is set to expire soon. I contacted my dealer and was informed the rules have changed. Leases would be extremely difficult to come by and would be at a premium. So you can better understand the ramifications of what I'm saying, this would be my seventh Cadillac leased from this dealer in the past eighteen years and my credit is pristine (I'm an early baby boomer who never became trapped in the easy credit ways). He also informed me his dealership is leading the midwest for Cadillacs sold in September-----6. This as of September 10th. Now taking this data and extrapolating it out to include the general population, most who have far worse credit than mine, how many people do you believe are standing in line to lease vehicles? Which means for the first time in many a year, they will have to buy cars and put together a substantial downpayment. How many blue collar or middle class people do you believe have the amount of money--or credit-- necessary to finance a new vehicle?

I'm afraid we are just beginning what will be one extremely painful and long recovery. Frankly, I hope you're right and I'm dead wrong, but I've got to believe this time you're on the wrong side of the bet.

JJC

Wednesday Outlook: Commodities, Emerging Markets

Gabe,

I'm in Detroit and believe me, we have inflation AND deflation here. Homes and businesses deflating while costs and taxes inflating. I think you should seriously take off those rose colored glasses you wear and take a good look around. It may be true that the European and emerging nations will feel dramatic pain, but if you think that's going to be our resolution here, you are very sadly mistaken my friend.

Friday Outlook: Commodities, Emerging Markets

It's extremely disheartening to see the lack of direction by the idiots who manage our country. So much time is wasted on their reelections or finger pointing at the opponents across the aisle, that nothing EVER gets accomplished. It will not be surprising to me to see uprisings throughout out nation in the next few years as more and more of our middle and lower class are forced to the brink of poverty and beyond. When that happens, woe to the those in office.

Thursday Outlook: Crude Awakening

Is it my imagination or have we lost America? We seem to drift aimlessly searching for solutions to our issues and yet we are supposedly the society of the entrepreneur. In order to "put food on the table and pay bills" as David so eloquently states it, we have to do the hard thing and start making changes ourselves. It begins by applying pressure upon our governmental representatives and subsequently standing up and DEMANDING change. If we work as a cohesive group to force those we hire to represent us to actively work together to reach a solution we will succeed. Otherwise, we will continue to have this conversation forever.

Thursday Outlook: Crude Awakening

Your "ranting" sounds an awful lot like the rest of us David. The most frustrating issue of all is the fact no matter how loud we complain, the idiots in Washington JUST DON'T GET IT. It won't matter who we elect this fall; every one of them (I'm including presidential and congressional candidates here) is truly clueless and would rather pander to the special interest groups then look at some of the viable options you noted above.

Maybe you could run for President!! Fry in 2012!

Wednesday Outlook: Commodities, Emerging Markets

Make that three on a match. I miss you when you're out doing the travel thing!

Wednesday Outlook: Commodities, Emerging Markets

I'm new to looking at this column and quickly becoming addicted also. I'm unfamiliar with the author Murphy listed here and would like to pick up a copy of the book Greg in Al and salad1bar mention. Can someone share the name with me please? Thanks for the help!

JJC