John Pseudonym

Welcome to Wall Street, Barack Obama

"However, for confidence to return, sustained moves above 10,000 for the Dow and 1,000 for the S&P 500 are required."

Remember how we reached 14,000...the world bought stocks with imaginary money.

The imaginary money still exits, but the bankrupt publics' access to it is shrinking by the day.

I've said for years that the final blow will be the direction of cash flow for the average investor and his/her 401K plan.

A mountain of money poured into stocks through 401k's. As the inflow reverts to an outflow, the market will have no where to go but down...

A Supply Side Problem: Oil's High Price is Here to Stay

All of the "emerging economies" are building those economies based upon oil; that's a guaranteed long term bull market in oil.

There will be ups and downs, but the trend is up. Wait for the price to stabilize, read the charts and then get back in.

A Tale of Two Industries

Until banks get back into the leasing business, big $$$ vehicles are dead in the water.

As in housing, the boom in autos was brought about with easy credit. The credit is now gone and people must buy those $40,000 trucks instead of leasing for half the monthly cost of buying.

Add in tight financing for purchasing, plus high fuel costs and the pool of potential buyers shrinks considerably.

This is going to take years to work out. Considering the Big 3 are losing billions of $$$ per month, bankruptcy appears likely before the bottom is reached.

Why I'm Committed to the UltraShort Financials ETF

If you want to see a bubble, look at the SKF blow up to 200!

That chart screams correction to the down side.

Not that a bull market in financials is at hand, but we're certainly due for a break from the freefall.

Gas Lines Coming This Fall

Buy what foreigners are buying...they're the smart money.

To date:

Railroads and beer are in the headlines about foreign owners. Both are good investments at this time.

Rails are the cheap way to move things.

Beer is great at drowning the masses sorrows as their country falls apart.

Crude Inventory Down; Gasoline Inventory Up: Whither Pump Prices?

"The Saudi royals are cooked if they don't manage their oil supply. The US and other consuming countries have some leverage here"

When the US finally gets serious about ridding us from the tyranny of oil, the "Saudi royals" will be hanging from bridges as the oil economies of that region will collapse.

Their welfare states will crumble and the people of the region will be returned to the third world status they rightfully deserve.

Oil Pressure Not Helping an Economy Under Stress

Think about this...

Lower oil prices would put $$$ in the pocket of Joe Shmo. That would stimulate the economy, increase demand for oil, raw material prices rise...

Round and round we go!

IEA Warns of Potential Supply Shortage

Looking at that chart, I'd say we're due for a pretty decline in the price of oil.

The problem though is that decline will probably come about because of a collapse in the world economy.

Oil Bears Outnumber Bulls; Don't Expect $4/Gallon to Be a Tipping Point

Declining dollar = increasing cost of oil.

Fed/gov is printing money and stimulating the economy at the same time.

Both of those work together to drive up oil prices.

When 1 or both reverse, so will the price of oil.

There may be short term profit taking swings, but a real trend down needs the economy to slow and dollar to strengthen.