Ghosts of 2008 - $100.00 plus Oil, rising fuel prices
January 09, 2011
– Comments (7)
As oil prices rocket past $100.00 again,the market pundits are asleep. This will stop any recovery In It's tracks,and could send the stock market Into a nose dive.... Everything Is rising.... Oil,food,gas,groceries,gold,silver,rare earths, (just about ALL commodities) and of course,the stock market. All of the usual media cheerleadeers were trumpeting that the jobless rate fell to 9.4%,but what they forgot to add Is that most all of the jobs were temporary (for the christmas season) and they also forgot to mention the tens of thousands of people that just GAVE UP looking for work. The unemployment number that Is constantly used by our government and the national media Is meaningless. REAL UNEMPLOYMENT Is over 20%. The stock market,the oil market,and just about everything else that Is skyrocketing Is being manipulated by speculators with access to large amounts of capital. The average "Investor" Is on the sidelines. With U.S Government debt approaching 14 Trillion dollars,and a FED that keeps printing money,we are headed for ANOTHER financial BUST In the not so distant future..... When I read articles like this ..... http://www.cnbc.com/id/40988436 It really gives me reason to pause. The housing market Is still In shambles,the average consumer cannot get credit,and there are not enough jobs being created to sustain an economic recovery. This Is not about gloom and doom,It Is about reality,and at the present time I am afraid that there Is more risk to the downside In the stock market than upside potential.... TS
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