Ben is pumping out $ from his ASS, and helping to push market higher. Idiot don't know, if you can't make payments, how you can buy stocks. He should have raised the rates, and stopped the $ fall, and clean the housing mess for-ever.
I agree we are getting into another bubble.But commodities are inflationary and when they turn on the printing press oil gold coal wheat will rise. Before alot of people were saying dont bail out the markets or people who shouldnt have diluted their homes.know everybody is applauding the fed, pumping the bubble up and slaming the dollar until every working guy is sucking wind. Buying coal and oil is my hedge against rising prices. But when working people cant take it anymore and cut back on these things oil will go to 70.with gas prices sinking oil wil stay firm.Winter is coming less driving more couch time and oil and gas consumption,and coal.
great thread, i'm thinking the same way, I sold today PPA aero/defense/ big cap. PHO Us water etf, PMU small gold play. No big plays on my part just small % of my acct. have my shares of coal. and some nat gas.
Keep in mind that the rise in oil has a lot to do with the fall of the dollar. Oil has not risen so dramatically against the euro. Our dollar has been debased by the incredible debt piling up in the USA. Debt our grandchildren will have to pay off.