The latest rumor...

[Kevin]

Is that oil may go down to 80/barrel.

It slid to 123 today. Will be interesting to see how it plays out.

[Daws1089]

wow really? Wouldn't that be something.

[Kevin]

Now the word is oil to go up to 149/ish.

Beauty. Our economy is in for a rough future. (IMO)

I hear T. Boone Pickens is LONG on gas stocks too.

Save your coin. There's gonna be a ton of stuff on sale in the next year to 2 years if Im reading this right.

[LLXC]

I can't see it ever dropping under $100 with the way the US economy is going...

[GMoney]

Originally Posted by Kevin

Now the word is oil to go up to 149/ish.

Beauty. Our economy is in for a rough future. (IMO)

I hear T. Boone Pickens is LONG on gas stocks too.

Save your coin. There's gonna be a ton of stuff on sale in the next year to 2 years if Im reading this right.

Goldman said $149 beause they have a vested interest int he price of oil. Remember analysts on CNBC usually have a postion (long or short) so use caution!

Global demand is down. The world economy is struggling. Oil should stay around $100, and might indeed hit $80. And then who knows what happens if McCain takes charge and domestic production increases...And then there's the value of the dollar. Remember oil is traded in dollars so the as the dollar gets stronger the price of oil falls.

Definitely lots of shaking out going on, especially in the financials. LOTS on sale now and for the months to come.

[Kevin]

Originally Posted by GMoney

lots of shaking out going on, especially in the financials. LOTS on sale now and for the months to come.

Including houses.

[GMoney]

Originally Posted by Kevin

Including houses.

BINGO. as long as you can pay all cash or have a credit score of 800+!

[Billy Barooooooo]

Wow GM 4.83 bones who the fuck would of thunk in 10 years this would come down from a high of $85! Oh and gas is yes 83 beans a barrel!

[coreyschucky]

Originally Posted by Billy Barooooooo

Wow GM 4.83 bones who the fuck would of thunk in 10 years this would come down from a high of $85! Oh and gas is yes 83 beans a barrel!

Craziest number about GM is that the value of the company has now fallen to 2.9 billion dollars that was the same value back in 1929. Who the hell would have ever though that.

[beermantm]

Originally Posted by coreyschucky

Craziest number about GM is that the value of the company has now fallen to 2.9 billion dollars that was the same value back in 1929. Who the hell would have ever though that.

The Chinese!!

Our country is in chaos and we need to start thinking about going back to regulations and trade tariffs. We need to bring back the manufacturing jobs or we are gonna be hurting real bad real soon. I don't see how it could be done though unless we feel like pissing off a whole lot of people.