cynic69

Stock Markets Nearing Important Bottom

Kunal
You sound like a guy who is long this market. Don't you realize that neither the economy nor the market can survive with energy prices at this level? Wait you say, it's doing OK so far. Not true. The refiners are still refining oil they bought for $95. This combined with the fact that Bernanake and Paulson are trying to save the White House for the republicans by flooding the system with liquidity has delayed the coming market crash. I'm afraid that your past experience is worthless because the economy is in its peak oil death spiral. I think that after the auto industry is cut in half and the airline industry disappears all together most stock prices will be about 20% of their current value. My advice is to sell whatever stocks you own and buy a truck load of puts.