truthbetold

Cummins and Donaldson: Sharply Falling Growth Stocks

Author is doing nothing but demonstrating his ignorance. Cummins' move during that time was due to two reasons: they released blow out earnings that far exceeded expectations, which they will do again (imho), and Cat, their #1 competitor announced they are exiting the HD truck market in 2010. This has immediate positive market share impact for CMI as Cat customers don't want buy a Cat engine now that won't be supported in 2010 and are turning to CMI. Also CMI has had continual price increases and have so many orders of high horsepower engines and have such a backlog to fill that new orders take over a year before they will ship. As fuel costs, steel, and copper (very big in powergeneration, which is a big part of Cummins sales) prices come down they will be recognizing these higher prices with lower costs. Not to mention the prebuy before 2010 emissions standards go into effect and the rest of 2008 and especially 2009 will look to be record growth years. In 2010 with tighter emissions, Cummins emissions solutions division should be poised for tremendous growth. At $55 a share, I can't imagine opportunity knocking any louder, but the market can be disconnected from reality at times. Question is how long will it remain disconnected?

Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar

Get real, you are sadly mistaken and don't do enough research and just believe liberal talking points. We have more oil locked in oil shale than all of saudi arabia's proven reserves. Once Shell determined an inexpensive way (profitable at $30 a barrel oil price) to extract said oil, the Dems in congress put the oil shale areas off limits. Brazil found oil reserves offshore to reach energy independence - supplying 80% of their total energy via oil. We don't know what's there until the shelf is explored. Also, there is an existing inactive rig off the coast of California that could be pumping oil in a little over 1 year if ban is lifted. We'd see significant increases in 5 years from off shore and less than 10 from ANWAR (incedentally, Clinton vetoed Anwar 10 years ago - sure would be nice to have that up and running now). All due to failed demcrat's policies of the past. Vote the bums out! The environmental insanity is now just a restriction on capitialism (politically motivated) and has no basis in protecting the environment.

Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar

Keep dreaming doomsayer. Oil is consumed, gold is not. America is still the shining city on the hill despite yours and the rest of the media's attempts to hide that reality. Dollar has likely bottomed as the other economies are in worse shape. S&P 500 down 20% while china down 50%. 50%! Think about that. Foreigners recognize the amazing opportunity of the weak dollar and weak US real estate and are buying while you fear monger the US investors into panicing. Vote the DEMS out of congress as they created this problem and stand in the way of the solution: Drill for US oil, creating US jobs and reversing the trade balance. We buy 12 million of our 20 million consumed barrels of oil a DAY from overseas. If we could produce 6 million more a day in the US or even 2 million, it would change things drastically. More US jobs, better trade balance, lower oil prices all could be had if congress would just GET OUT OF THE WAY. Vote those bums out. Offshore drilling is radically safer than it was in the 60's. Technology allows drilling in the violent North Sea without a single spill or spills during huricanes. Release our vast resources that are held prisioner by the Democrats!

Adjusted for Income & Fuel Efficiency Increases, Gas Today is Almost 50% Below Record High

Key point both with oil and the economy is that we are NO WHERE NEAR as bad as things were in the 70s. Under Carter things were absolutely AWFUL. Anyone on this board old enough to remeber that? Apparently the media today preys on the fact that folks are either too young to have been alive or have poor memories so they don't remeber how bad things get when government tries to control everything. Carter almost destroyed this great country and Reagan released it from the Government prision Carter created. We need to reinact Reagan philophies. Also We need to become energy independent as a nation like Brazil did through offshore drilling (80% of energy). Nuke power plants, oil shale and offshore with a moratorium on enviromental lawsuits that are used to hold each up would make USA energy independent in 10 years - not to mention creating huge numbers of high paying US jobs! Kick those idiots out of congress!

"Rubinomics" Is Back

Absolutely ridiculus article. The bias of the author blinds him to reality. America is and continues to be the shining city on the hill. Travel abroad and you'll see what I mean. The opportunities for rags to riches and/or to increase your standard of living through hard work is better here than anywhere in the world. The only thing that can dim America's light is if we move more towards socialism. I do give Robert Rubin some credit because he did recognize that government programs don't work. He knew the best way to fight poverty in depressed city areas was to foster business investment in the area, not put more people on the government dole. However, what he did in trying to prop up Enron and Ameriquest financial was not only grossly unethical, it was borderline criminal. Also, he's been a director of Citigroup and is currently. He hasn't done much good there judging from the stock price. His actions helped to increase this subprime mess we find ourselves in with the repeal of Glass-Steagal while he was still with the Clinton Administration (very much in Citi's interest btw). All in all he has demonstrated that he is a man of poor character as ethics go out the window when his personal self interest is involved.