junkyarddog

Options Trader: Monday Outlook

What a tough day, oil reaching $130 for October on pure supply and demand fundamentals..., stocks tanking, panicking showing its ugly head, ald gold gaining a lot. The doomsayers had their day (week).

I can't wait for the next article tomorrow to see what Phil makes out of this insanity.

Options Trader: Monday Outlook

Your last words "be very afraid"... I already am. Afraid that the $700 billion mega bailout is not going to be enough. Afraid that my kids and their grand kids will still be paying to bailout the Wall Street casino playes, who should be in jail.

I'm really afraid that all we'll do is buy time (another few years) instead of fixing the problem: let the unscrupulous private banks fail and work on protecting the credibility of the governement itself and the dollar (what's left of it). Of course it's painful, but at least future generations will be (should be) freed from this deadly derivative virus.

Options Trader: Which Way Wednesday, Fed Edition

Phil,

I love reading your articles! This one actually got me depressed. :-)

Million dollar question: is all of this stupidity or simply manipulation?

Americans are more willing now to new oil drilling and McCain is for it, Obama is not. Guess who's going to win the election if oil doesn't pull back?

I already know what I want for Christmas (I'm poor, I need to wait that long!): a subscription to your newsletter.