Congratulations, YOU now own Freddie and Fannie

[joker]

Oil is down because the dollar rallied but that should be short lived. OPEC said yesterday they are cutting supply again so im pretty sure oil will go higher. The world is running out of oil, the trend for the long term is bullish and will continue to be bullish until we stop using oil completely.

[fdjake]

Oil is going to the $70's.

The dollar has been on a tear because all the BULLSH*T we've been fed by Wall St. has ONCE AGAIN been COMPLETELY WRONG!!

Remember the CHINA THEORY???

Wall St. told us that China was growing so fast it had "DE-COUPLED" from the U.S. economy. IN other words they told us China didn't need the U.S. anymore

Oh REALLY???

Funny last time I checked damn near EVERYTHING I buy is made in China,  now iF I and the majority of other Americans STOP or SLOW that buying, CHINA gets SCREWED.  That is EXACTLY what is happening.

Anyone care to guess how the Chinese stock market has been doing this year??

We all know that our market has done from 13,000 down to the 11,000 range....That sucks right???
NO......not compared to CHINA'S market which has gone from almost 7000 to 2000 in about a  year!!!!!!!!!!  NOW THAT REALLY SUCKS!!

7000 to 2000.... THAT my friends is a HIT!!

Add in all the beat up markets and economies in EUROPE and THAT is the sole reason the U.S. dollar is FLYING!!  We might be in bad shape, but a whole lot of other countries get their @sses handed to them when WE slow down.

This is a GLOBAL slow down....If oil can't rally in the face of 3 MAJOR Hurricanes and a WAR with RUSSIA............. IT'S OVER!!

Oil goes to $75 before the new year.

[phlemboy]

Oil is going to the $70's.

The dollar has been on a tear because all the BULLSH*T we've been fed by Wall St. has ONCE AGAIN been COMPLETELY WRONG!!

Remember the CHINA THEORY???

Wall St. told us that China was growing so fast it had "DE-COUPLED" from the U.S. economy. IN other words they told us China didn't need the U.S. anymore

Oh REALLY???

Funny last time I checked damn near EVERYTHING I buy is made in China,  now iF I and the majority of other Americans STOP or SLOW that buying, CHINA gets SCREWED.  That is EXACTLY what is happening.

Anyone care to guess how the Chinese stock market has been doing this year??

We all know that our market has done from 13,000 down to the 11,000 range....That sucks right???
NO......not compared to CHINA'S market which has gone from almost 7000 to 2000 in about a  year!!!!!!!!!!  NOW THAT REALLY SUCKS!!

7000 to 2000.... THAT my friends is a HIT!!

Add in all the beat up markets and economies in EUROPE and THAT is the sole reason the U.S. dollar is FLYING!!  We might be in bad shape, but a whole lot of other countries get their @sses handed to them when WE slow down.

This is a GLOBAL slow down....If oil can't rally in the face of 3 MAJOR Hurricanes and a WAR with RUSSIA............. IT'S OVER!!

Oil goes to $75 before the new year.

FDJAKE, great insight as usual. That's the kind opinion backed up with an explanation that I'm looking for. I can see where oil can go lower, but not too low because of OPEC's manipulation. I personally fee that if oil goes through the roof this winter, the U.S and global economies will contract further. Its hard to spend money on anything else but the the TRUE necessities when they cost so much.

[justin0419]

I just read an article yesterday about Saudi Arabia walking out of an OPEC meeting because some of the other countries wanted to cut production to boost the price.  Saudi said no thanks.  I couldn't find the same article as I read yesterday, but here's one I found describing what happened:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/11/BUQM12RMQ6.DTL&feed=rss.business
The author of the other article said that Saudi going against the rest of OPEC takes away most if not all of OPEC's power of manipulation.