decoflair

Best Stocks for 2009

How easily that we accept the recommendations in regard to which stocks to buy from Forbes, Motley Fool, Jubak, and others. Why not have a SEC regulation that forces financial advisers to show past performance records on prior stock recommendations? After what happened in 2008 it is obvious that it is time to "tighten up" the financial services industry. The best way to do this is to have these folks show their past records of performance on all stock picks (not just the chosen few winners that beat the market). Otherwise, my life experience of exposure to these folks tell me that they are overpaid fortune tellers.

Barron's Banks on $100 Oil

I thought at the time gasoline prices rose to $1.00 a gallon that we Americans would do what was necessary to wean ourselves off of the financial strangulation of buying Middle Eastern oil. We became complacent and paid the $1.00 per gallon. Again, I was quite confident that we Americans would bite the bullet and realize that we need to reduce our addiction to Middle Eastern oil when a gallon of gasoline rose to $3.00. I was wrong again! This scenario may be play out in similar fashion. The price for a gallon of gasoline will drop under $4.00. We Americans will be so relieved. Within a year or two, $4.00 will be the accepted base and we will continue with our complacent ways of allowing ourselves to be financially strangled and squeezed of our hard earned money. To paraphrase POGO, we have indeed met the enemy, and it is us!