junkyarddog

Options Trader: Tuesday Outlook

I took a week of vacation and missed Da Phil's view on the economy. He doesn't have a crystal ball and he can't predict the future. So, he may make some mistakes on some calls, but I tell you... Phil's fundamentals are right on.

I really laughed when oil dropped so much last week! Reason? No one seemed to have believed Phil: the world simply can't support (afford) oil at >140 bucks. Inflation will eventually take us there, but right now it's pure speculation. Those who criticize Phil do me a favor: read his past articles on oil, just for starters.

Phil is human too (I think) and he's not perfect, so of course he ought to be wrong on a few things. One thing he's wrong on is to believe that this mess is all this administration's fault, although the Dems are the ones controlling Congress. Bush sucks, of course, but so do the Dems. Moreover, Dems == Republicans. The sooner people realize that, the sooner we'll move forward as a Nation with an alternative party, one who doesn't have any deals with the devil.

PS: devil == oil companies, GS, JP Morgan, LEH, IMF, and others. Utopia, I know.