Pedicted $200 Bar. of oil

swchandler · Joined: 08 Nov 1993 Posts: 10588

Who's talking about socialism? If your tax position and responsibilities elevate, are you going to do nothing? Don't be stupid and foolish, and assume that others buy into that nonsense. You'll pay the price for realized capital gains, at an elevated price, and rightly so.

The focus point that I asked you earlier about is whether you're investing in the future, or simply feeding at the "profit trough" responding to oil futures and other easy gains. That's at the heart of the issue here. Forget the shameless BS about how corporations are really investing here in the US in the cause for capitalism.

If you really are willing to invest in American jobs, I think we would all be ears. But you're really talking political BS here, and that's quite clear to me. I'm thinking that you've really got no vision here other than simply making money. Your dedication to the American labor scene is specious at best. Total crap, and absolute Republican nonsense from my perspective.

MalibuGuru · Joined: 11 Nov 1993 Posts: 9300

Oil is down $15 in the last few days. If you think it is going to go to $150 or $200, now is the time to hedge your lifestyle! I'm still short, but not for much longer. Check the link below, it could be a less sophisticated way to hedge todays prices for individuals. Oil fell below $129 today.

http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=6260377

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

Ill participate at $80/barrell

Boggsy

MalibuGuru · Joined: 11 Nov 1993 Posts: 9300

I saw a report today that oil could hit $70 by the fall. Those evil speculators are taking it in the shorts today with oil down to $115. The longs did 2 good things. 1) we all have been conserving, 2) greedy producers have produced more.

It seems that everyone is piling into short positions now. Let's hope Obama and McCain control all those naked short sellers! Rolling Eyes

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

Hey Bard.. Is there a point to your attempt at marketspeak..Oil is at $115, its a fire-sale at gas stations across the nation. $115 still bankrupts the average American household that can longer afford to drive their Yukon Denali to WalMart to buy groceries to bring back to their foreclosed home.

Boggsman

MalibuGuru · Joined: 11 Nov 1993 Posts: 9300

They're trading their Yukon Denalis for Smart Cars, And they'll be able to buy back their $800,000 homes for $400,000. All those vacant homes will be re-occupied eventually, by people who work.

The point is, that things aren't as bad as they seem. By the way, even in these darkest of times far less than 1% of homeowners are even behind in their mortgages. The other 99.25% of us will probably pay less for gas and property taxes in the future. That's good. Razz

p.s. For those who missed the housing and oil craze, isn't it time to find a real estate agent, or hedge gas? That's the point I have been making. A positive attitude will bring positive results.

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

.92% of PRIME mortgages, the best of the best, are in trouble, highest figure in 24 years. The number is accelerating, probably peaks at 1.5%, also a record. The market wont bottom until 2010 at the earliest, anyone buying now will still have big downside for the next couple of years, unless this is the shortest real estate downturn of all time, and foreclosure activity stops accelerating.
Bard, you sound like an NAR spokesman on CNBC. Get real.
Boggsman

MalibuGuru · Joined: 11 Nov 1993 Posts: 9300

Bogsey, you sound like EEorr on the disney channel. I didn't say buy buy buy, I should have said start looking. You are right about the bottom being far away, but we can all be pro-active to increase our chances of success, without a central govt. controlling everything.

There were 25+ windsurfers at the beach yesterday, most driving suv's. Buying 100 shares of uso to hedge their future ability to afford gas MIGHT be a good thing to do sometime in the FUTURE. If they are wrong, they still win with cheap gas.

swchandler · Joined: 08 Nov 1993 Posts: 10588

Everything will eventually be perfect again, just wait and see!

Indeed! Let's not worry about all the hype from the media and those leftist liberal democrats that talks about folks losing their shirts on so many fronts. Why can't everybody just style through this little bit of difficulty we're seeing now? I mean, I'm not hurting, so it can't be that bad. Arguably, it doesn't even exist.