cynic69

Ready To Roar - Cramer's Mad Money (9/12/08)

Cramer is always wrong. He called the bottom two weeks ago and the market immediately sold off. 56 of 60 major oil fields are in serious decline worldwide. The specter of the coming energy shortage is going to insure market killing inflation. The whole world is falling into recession. Who is going to buy American products? I would say the you are making a big mistake if you are trading your 401K based on advice from Jim Cramer. BooYa!

Young Jeezy's 'The Recession': I Think We’ve Bottomed Out

Dear Terry – At $116 the price of oil is the highest it’s been in history. Neither the economy nor the market can survive with energy prices this expensive. We have passed peak oil and we are experiencing the first stages of the "peak oil death spiral". Check out this web site: ibisworld.com/indu... It says that as folks curtail their driving due to higher gasoline prices fewer mechanics will be required. The auto business is one of the major components of our economy and as thousands of mechanics are laid off the loss of revenue is going to snake through our economy like a deadly cancer. This same situation exists for the airline industry. The truth is that with oil at these prices stocks are only worth about 25% of their current value. When "investors" finally figure this out its Katy bar the door. If you think the price of energy is going down soon I think you are right. With the world in a severe recession far less energy will be required.

Why Yesterday's Optimism Wasn't Warranted

Gary
I think the Administration is pulling strings to avoid a crash because they know that a market crash would kill their chances of staying in the White House. Why else would all these crazy things be happening? One problem that most of you seem to be forgetting is the high price of energy. No matter what happens to the banks the high price of gasoline is going to scuttle the consumer's ability to fill up the Tahoe and chug on down to the mall to pick up those Victoria's Secrets, flat screen TVs and Cheese Doodles. Since consumer spending constitutes 70% of the GDP I don't think there is any way we can avoid a serious recession. Have you read about the truckers blocking the Parkway to protest he desiel prices? The price of crude is not going to come down because demand is coming from worldwide sources.