Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Everything is pointing towards an historic market decline in US consumer-market stocks. I'd stick with energy and metals. Today's Fed inventory report on oil stocks showed oil inventories declining when everyone thought they were going to increase due to run-ups in US gas prices. It sent oil over 133$ and sent a shock thru the market - the lack of supply increase means another month of speculative bubble. We will see $200 a barrel oil by Sept, if not sooner, which translates to about $130 a fill up a Honda Accord. The only upside is that it points to a historic defeat of the "Republicans" who need to change their name to the "Globalist Party". Neo-conism and Bush saber rattling towards the oil producers, and his antagonistic policy towards the Russians have come home to roost. At this point, all Iran, VZ and Russia, the new Triumvirate, have to do to bring us to our knees is sell their oil to someone else. Iran trumps any advantage we have over Iraq by simply directing the Shiite government and the Shiite Militias, which they either have infiltrated or hold control, to blow up a few bombs or botch governance, sending oil up another $10 anytime they feel like. The ultimate result of Bushism: We have given our enemies the means to destroy the economy of the United States.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address
Last edited by FeelTheLove; 05-21-2008 at 03:18 PM.