Monday, September 15, 2008

Stocks Tummble, Hold on tight

It's been a while since my las post. I don't even know if anyone reads this. Well, I was wrong witht the price of oil hitting $145 a barrel, But it will go on a roller coaster ride. I think in the near future, It will get "back up there".

Demand will be weak and I think production will be cut.

Now, for the more interesting things happening. Several banks or "financial institutions" have gone broke. I had predicted this. Consumers confidence is really going to suck by October simply because middleclass people have no money.

Stimulus checks were funneled right into the pockets of speculators by making Americans pay $2 more for a gallon of gas. People just have no money.

The news networks make everything sound okay, but trust me, it's far from okay.

Oh, and I did predict that two major Hurricanes would hit the Gulf, I hit that nail on the head.

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