A Cessna can fly about a mile or so high. That's how much air we have. It's like a balloon stretched over a basketball, the atmosphere compared to the 9000 mile diameter of the Earth. But we are driving around in it in SUV's like that makes sense. It's doesn#$%$ assninestupid. When 1/3 of the oil reserves are used up, the Earth may be a desert. Things are happening fast and having 100 different countries helps put things out of control. It's supply and demand for now, but the big picture means alternative energy sources will come into play: nuclear, solar, wind, and maybe houses will get insulated. Most of the energy is wasted at this point. I want to get to work. Do I really need to drag along a 2500 pound car, or a 3500 pound SUV? Proably a bicycle with a motor (a Vespa or scooter with a cover) would get me there at 100 mpg plus. Those Nissan Leafs are supposed to have 129 mpg equivalent. Time for some drastic changes. People are dying because of this nonsense.
Of course, you have computers manipulating the market and 401K money being donated. Government went back to work, time to throw their investment money out the window and into the hands of Wall Street.
I just can't believe the market keeps going up.
this is a critical time, double top or break out.
Time for a sell off. Al Gore is right. We are driving around in our atmosphere in SUV's. How stupid. The oil can't be burned without destroying the Earth. So the oil market is greatly overbought.
That would be my guess. Look at government spending. It has to slow and has slowed. Look at IBM that relies heavily on government contracts. I feel strongly that we will have a correction, but I thought that a long time ago. By the way, it's time to restructure the way our government works, like voting for issues and not for politicians and voting down government spending and voting for a balanced budget. It's like we are getting robbed. I think it's sell the news. Not like the news was good. Debt to go up another trillion dollars. The interest is about equal to the military budget, which is way too high.
and cut their pay to 2/3 what it is now
and cut their office budgets
and fire most of them for being incompetent
and get rid of lobbying
and make it so Americans can vote for issues instead of politicians (online)
and let them work for us, like they are supposed to
bought Amgen when the market cap was $60M or so and said to sit on it for 5 years and see what happens. Didn't hold it. Wanted to trade my money away. Dang me! Hang me from the highest tree!
shorted this sucker at 71 and didn't hold. We moved and I decided to get out for a while. Now look at it. Dang! I've done that so many times, like buying GLW at $1.10 and not holding. Bought AMD at $4 or something, before it went to 45. DANG it! You gotta be patient. I bought GE at 6 with margin and sold it. Bought Apple when Steve Jobs came back for $6 or whatever it was before it went up a factor of 100. And was in it with margin, duh! Hope I taught you something. Hope I learned something.
unemployment "edged up"
that's funny, true because the numbers didn't hit. Come Monday, all of the 800,000 will be eligible for unemployment. Let's see the number then.
If they had any brains, they would follow Ron Paul's advice and bring all the military home from foreign countries and save about a trillion a year. That's a good start. This #$%$ of having a deficit and also not paying down the debt is #$%$; it takes us nowhere we want to be.