Question
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Financial Markets & Investments
The big rally continues after crude drops to $129. JPMorgan's results
Stocks were rallying strongly this afternoon as crude oil broke under $130 a barrel and financial stocks continued the big rally that began on Wednesday.
Stocks were rallying strongly this afternoon as crude oil broke under $130 a barrel and financial stocks continued the big rally that began on Wednesday.
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Answered no
Continued pressure in the housing market and the banking sector will drive the market down again. Things won't turn around untill late in the year or early next year. Some of these rallies have been driven by the political parties. Heck if you don't think Chuck Schummer shouting off his mouth about IndyMac wasn't calculated to cause a bank run you are definately not smarter than a fifth grader. -
Answered Undecided
The market is also reacting to some positive earnings where gloom was predicted. Oil is going to go down and will fall at least $30 per barrel the minute we commit to drilling here for oil again. It isn't the total answer but it shows a commitment to stabilizing the price. It will continue to drop if we make a solid effort toward "REAL" alternative fuels, building refineries and becoming more self sufficient.
I predicted we would see a Dow index of 9,000 something before year end. I hope I'm wrong. I also predicted we would see $160 a barrel oil before it corrected for a long time period. I'm not right very often so we see how I do lol. -
Answered no
the cost will eventually trickle down through higher prices from printing more money with no backing. Their playing the shuffle of costs around right now. You can never create something from nothing, meaning that the fed reserve is printing money to back Fannie may and Freddie Mac and this cost will be passed to us eventually through inflation tax. I am just guessing and am no authority on this though. sorry its just a gut feeling
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The Fed can expand the money supply without causing inflation if the "real" economy continues to grow by at least the same amount. Problem now is that the economy is in stand still and the interest payments on outstanding loans are still coming due. Do we bail out the banks by printing new money or allow them to collapse and take the whole economy down with them. But the whole system of fiat currency combined with promises of future interest payments (i.e. an ever expanding money supply) is essentially a Ponzi scheme that relies on neverending economic growth. In a finite world the inevitable result is economic collapse.
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I agree! lol The way i see it the government is in big trouble with debts needing to be paid. I believe that they may have sold us under the bus. Point in case, I reviewed the Social security and theres no way it can be sustainable. Not with Medicaid and medicare. IMPOSSIBLE the costs will be beyond beleivable. I dont know the numbers of babyboomers coming in but its astronomical. Then theres the outsourcing of plants in the ninties to China. What exactly do we make? What are we producing that other countries arent already importing to the US. I believe that they banked everything as to completeing the task in Iraq in a much quicker manner than they did and now they are bust. Countries are going to want to get paid what we owe. I see a foreclosure of America soon. We have amassed 42 trillion dollars of debt world wide. Again I dont claim to be right and am no specialist in this area but it seems as you are more proficient please let me know about this. Thanks
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Answered yes
Only IF congress does as Bush has and lifts the off shore drilling ban. The futures market will respond and prices will continue to fall.
Democrat or Republican ... Call - Write your congressmen
http://www.congress.org/congr...
...and demand what the Nat'l polls are saying "We The People" want this now while we develop alternative energy.
Stop the politics and move on what WE want. They represent US not themselves. If they refuse to listen D or R vote them out in Nov!
Power to the people! -
No way, Keep the off shore ban. Oil companies have 68 MILLION ACRES right now that have been approved to drill on. Some of that in Alaska. If drilling will bring the price of oil down why aren't they drilling, now on the land they have?
This is nothing but well sold spin. Bush want's that land for his greedy oil buddies. He knows if it doesn't get passed before he leaves office they will never get it!
Don't fall for the spin, go for the facts! -
Not true. Don't you think they would be drilling if there was any oil there. They have done the studies on these acres. Having the land lease does not guarantee oil. They know there is oil in anwar and off the coast. Not rocket science. Please, you are listening to spin not facts.
Answered yes
Only IF congress does as Bush has and lifts the off shore drilling ban. The futures market will respond and prices will continue to fall.Democrat or Republican ... Call - Write your congressmen
http://www.congress.org/congr...
...and demand what the Nat'l polls are saying "We The People" want this now while we develop alternative energy.
Stop the politics and move on what WE want. They represent US not themselves. If they refuse to listen D or R vote them out in Nov!
Power to the people!