texaswiz says

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  • Buy Natural Gas - Cramer's Lightning Round (8/1/08
    Most the betterpart of the day Friday, CNBC keep repeating the segment on Erin Burnett's show a while back when Cramer damn near freaked out and went postal on her. During the 5 minute tyrade he completely lost it and accused the FED and everybody else involved in banking since the beginning of all time of being in gross violation of everything. Jesus, what a gasbag! I remember seeing the original broadcast and I kept wondering to myself at the time that Erin Burnett is one cool cucumber for not loosing her composure during Cramer's meltdown. She just stood there and looked down at her paper, choosing to let him run down and hang himself, instead of trying to turn him off. Quite surprisingly, I was amazed that the producers choose to let Cramer get so far in his on-air tyrade. Usually when someone goes outside the perimeter like that and becomes a loose canon, they pull the plug on them and disolve to a commercial. In this case, they choose not to.
    I was surprised that they continued to air this episode many times on Friday. In fact, everytime they replayed it on Friday, they wore it like a badge of honor. For my part it would have been a terrible embarrasement.
    Aug 02 17:32 pm |Rating: 0 0 |Link to Comment |View article
  • Inside the Labor Report
    Look everybody, the news is out! It has been out for a long time now. Housing is in the dumper. The financials are in the dumper. The economy is loosing jobs. Oil is out of site. Until oil comes down to $65.00-$75.00, nothing is going to improve much.

    The world global economy is driven by the price of oil. All day long, day in, day out, these media writers publish articles as to why this and that is happening. It is nothing new. The same things that drive the worlds economy today, have driven it in the past. Time will heal our problems, but not before there is a lot of bleeding in the streets, such as financials and housing. Housing got into it's miserable shape because of the greadiness of the lenders. That is all that need be said. Now, they are bleeding and some will go away. This is the way it needs to be so the next generation will remember what got them to that point. Banks should not be bailed out by the government because if they know that in advance, there will be no risk for them and as such they will misbehave. We have had a bull market for seven years now. A bear market for the next two is not out of the question. There are no quick fixes, although by the way the media acts, they would have you believe otherwise. Take a series of deep breaths, turn off CNBC, Bloomberg and Fox and just concentrate on the things that matter such as earnings, earnings and lastly earnings.
    Aug 01 11:54 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Nothing cures high prices like high prices! Demand will fall as consumers feel the pinch of ihflation. This works with all consumption items, not just petroleum. In the beginning the people who make the least will feel the pressure, then as we go further into the trend the middle class will feel the pressure. Finally, every economic class will feel the pressure. Sadly, those on the bottom of the economic ladder will bear the brunt of the hurt. Just because gasoline costs $3.50 per gallon, your employer is not bound to give you a raise. So, if gas costs an extra $20.00 more than it did 15 months ago, that twenty has to come out of some other consumable that you were buying. Most likely to suffer from cutbacks will be food; both grocery stores and fast food, clothing and most descretionary items. Government wonks, economists and bureaucrats are always the last to pick up on anything which affects the general population. People who work out of Washington D.C. are the worst. By the time anything makes it to their radar screen, the trend is well on it's way. Evidently people who work in D.C. do not consume anything.
    Apr 08 10:11 am |Rating: 0 0 |Link to Comment |View article

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