cynic69

Trade Down Play - Cramer's Mad Money (10/15/08)

Wait a minute. Are you taking advice from Cramer? Isn't he the guy that called the bottom a month ago, right before the big crash? I guess I would be a little worried about taking advice from a guy with a record like that.

Why It's Time to Be Invested in the New Recession

This optimisim is total nonsense. The world has run out of cheap oil and because of that it will never be the same again. The price of oil is headed to $180/barrel. The physical structure of our civilization was built on $30 oil. There are hundreds of milliions of people that will not be able to heat their homes next winter. Currently there are 600,000,000 gasoline powered vehicles on the road. The great majority of these vehicles are now useless. Tell me again how the ecomony is going to blossum and stock prices are going to sky rocket.

The Truth Behind Earnings Labels

Good trading degu77! If you are a long term investor I think you are in a world of hurt. There is no way the economy/market can survive oil at $116. Since the USA depends on oil more than any other country we are going to get the short end of the stick.

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.