cynic69

Getting It Wrong: Analysts Contribute to the Current Downturn

I believe that that the analysts have it wrong but I think they are way too optimistic. I think we are in the peak oil death spiral where people stop driving and flying, forcing huge layoffs which domino those who depend on auto/airline workers for their livelyhood. I don't think your average stock broker has a clue how much trouble is going to be caused by skyrocketing oil prices.

Fast Money Recap: 3/10/08: Financial Ruin

You guys are not thinking logically about the situation. Oil prices are going higher and these high prices are going to cause the world economy to tank. The oil companies have not found any new oil fields in 4 years. Alternatives are a stupid joke (it takes more energy to make solar panels than they generate in their lifetime). I think that anyone who is long this market is in for some serious disappointment.