October 31, 2008 –
I’m sticking my head out here – I’m neither socialist nor a communist, but I do wonder if Americans in general have any notion about what socialism is.
From what I’ve seen and heard this is a highly emotional topic, but I can’t really help wondering if all those people, who express an astounding amount of hatred for socialism, have any idea about what the word means. I find it quite hard to understand why a lot of Americans equates the Democratic Party with socialism and sometimes even communism. [more]
October 12, 2008 –
This is probably a good time to start covering your short interests. As far as I can see there is nothing going on now that we didn’t see in 2001 through 2003 – except for the media coverage.This does not mean that I’m confident that we’ve hit the bottom, but if you’re investing in a leveraged short instrument, chances are that selling at this point might be a good idea.The price of oil is still about a 700% higher that it was at the bottom in 1998, so somebody is still reaping a handsome profit in this market, and will probably continue to do so even if the price of oil falls below $40. If the price of oil falls below $50 I really don’t expect it to stay there, but it might stabilize around $55 for some time.This will be a boon for the major airlines, so I expect them to recover quite nicely. OK – not to the previous high – at least not for quite some time – but more than a 100% over the next few years for companies like UAUA and AMR. Customers are probably ready to accept higher fares, so a temporary decline in traffic is will not be a bad thing for those companies since they will earn more money per seat.Hmmm, I do feel that a major short squeeze is coming … [more]
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