Market Rally, Good Jobs Report, Home Prices Rising Again
The markets are rallying today on a stronger than expected jobs report. The economy however remains sluggish and slow going as 70% is based on consumer spending and as of late consumers have little extra income. Strong head winds continue to batter Main Street with high fuel prices, rising food costs, and increased taxes. The recovery is probably at its midpoint with more ups and downs coming our way. The once lofty Israel Oil Exploration niche has all but crashed. There is little drilling and the companies that remain are struggling to survive. Zion Oil has ceased to drill and its future remains clouded. The once lofty and ambitious drilling program is no more than a pile of dirt with no plan, no rig, and dwindling cash reserves. It does not look good for prospective investors and there is little to entice them to buy the stock. Many are still holding on a whim and a prayer and this is the only reason the stock has not crashed through the floor. As with many ministries they often start well, mean well, but somehow go to hell. Only time will tell if Zion is one of them. I hope not but then nothing surprises me anymore. Greed is a powerful thing twisting the hearts and minds of even the righteous.
Not only capitalism my friend but many other "isms" as well. It is just a question of how many and who gets the gold. The great prostitute who sits on many waters is alive and well. Mark it because the time is coming when she will be forced to drink the maddening wine of her adulteries. You do not understand now what this means but a time is coming when you will.