Goldman Sachs said … Goldman Sachs said as far back as 6 months ago that oil will be $85 by end of 09. The highs so far in Nov have been $82. What ever Goldman Says usually goes! We’ve got another $3 to rally guys.
There’s a spot … There’s a spot price and futures contracts. The idea of using futures contracts was to smooth out rapid daily fluctuations. The contracts are quite some time out. He might understand futures trading, price setting, daily prices, ‘corrosive’ oil variants, storage locations, and the rest. As an MBA, it would have been nice if he’d explained some of the details.
It is true, nobody can really say what is going to happen and when, however there is enough evidence out there that I feel these assumption can safely be made with fairly close estimates. Honestly can anyone tell me what is going to turn this thing around?! Its not the bailouts, certainly I hope people are smart enough to know they are not going to work and thus far has not. So does anyone have any answers… I certainly don’t.
I do feel the dollar will collapse which means havoc on employment and anything else in its wake. We will all certainly be dealing in localized economies sooner or later in our home towns. cont…
Ok, I see your point but just for the record my estimate was just that an “an estimate” and its accuracy may certainly have some wide margins. Like I said it was based on the recent past history, the forward predictions of economists and the records from the Labor Dept. also I am talking about California and I will say it certainly doesn’t look good so far and seems to be getting progressively worse. Another 300 thousand homes went into foreclosure today. cont…
SendinK9 – You are … SendinK9 – You are making an assumption that is pure conjecture. At this time, nobody is in any position to give an accurante estimate as to what the final ‘high’ percentage of unemployment will be at the worst stage, probably early next year. Venturing to guess and elaborate is a waste of time. I do not believe it will be nearly as bad as what you suggest is possible. Maybe in isolated areas, yes, but as a whole average percentage, no.
I cant see why you feel 30% mid to late 2010 is so hard to believe. What info do you have to the contrary that is going to pull them out of this downward spiral or the rest or the country for that matter. What is going to prevent this from happening ??
Of course this is based on a steady rise of 4.2% and in my opinion some Q’s will be much worse especially with the forecasts we have been hearing from the Dept of Labor. My original comment was not only based on what I read but recent economic history and past unemployment figures which you can find at “Forbes Layoff Tracker” (Google it).
That may be true but I see no reason “not” to believe it. 15 percentage points is not very much from the 13.5 % today. California is bankrupt! and what ever businesses are still a float can not get loans to stay that way so in this case I don’t see why 30 to 40% unemployment in a year or so is so hard to believe. Just based on the math it jumped 4.2 % since Jan 2009. If you figure 4.2 % every 5 months we are looking at August 2010 unemployment will be at 26.1 % cont…
Well ‘IF’ … Well ‘IF’ unemployment does that get that high, maybe we should just build a couple of pyraminds for yucks, I got the perfect block all picked out, been thininig about this for a while.
Why doesn’t every … Why doesn’t every corporation just go on the news and say things are looking fantastic. Then the Dow will go back to 14 thousand+ and the recession will be over. You never heard anything like Intel has order of 200 mil new chips a month from HP and Dell which boosted profits. Its all just crap information. Its kinda like when you like a girl but she doesnt like you. But every time she bumps into you or looks your way you think you got a chance.
Mot I was wondering … Mot I was wondering if nationalized healthcare comes and people are starving. Can someone go to the hospital to get a meal? Starvation does = sickness doesn’t it?
Intel is pumping … Intel is pumping propaganda to boost cash reserves. Stock market doesn’t look at numbers anymore just soap box BS. Goldman Sucks claiming taxpayer bailouts as profits. Meanwhile real estate is starting to infect into an even more nasty little wound in our side. Dont get fooled, I honestly think we are going to hit a short period of really blind optimism. People who dont have jobs usually dont invest so the jobless will be irrelevant, But at least they will have healthcare
There should be an … There should be an audit of the FED. As Ron Paul has said, if it goes through there could be many connections revealed (IMF, World Bank, etc). I hear that Barnie Frank and Nanci Pelosi are holding it up. Write to your senator and the major news stations to cover this. Turn up the heat!!
manoftruth predicts future oil prices http://manoftruth.org/
December 2nd, 2009 at 11:07 pm
GET ON WITH IT!!!!
GET ON WITH IT!!!!
December 2nd, 2009 at 11:07 pm
He’s kind of hot!
He’s kind of hot!
December 2nd, 2009 at 11:07 pm
Goldman Sachs said …
Goldman Sachs said as far back as 6 months ago that oil will be $85 by end of 09. The highs so far in Nov have been $82. What ever Goldman Says usually goes! We’ve got another $3 to rally guys.
December 2nd, 2009 at 11:07 pm
There’s a spot …
There’s a spot price and futures contracts. The idea of using futures contracts was to smooth out rapid daily fluctuations. The contracts are quite some time out. He might understand futures trading, price setting, daily prices, ‘corrosive’ oil variants, storage locations, and the rest. As an MBA, it would have been nice if he’d explained some of the details.
December 2nd, 2009 at 11:07 pm
how can you be into …
how can you be into reality and believe in the invisible skygod?
December 2nd, 2009 at 11:07 pm
Whats the current …
Whats the current margin requirement?
December 2nd, 2009 at 11:07 pm
December 2nd, 2009 at 11:07 pm
3.
It is true, …
3.
It is true, nobody can really say what is going to happen and when, however there is enough evidence out there that I feel these assumption can safely be made with fairly close estimates. Honestly can anyone tell me what is going to turn this thing around?! Its not the bailouts, certainly I hope people are smart enough to know they are not going to work and thus far has not. So does anyone have any answers… I certainly don’t.
December 2nd, 2009 at 11:07 pm
2.
I do feel the …
2.
I do feel the dollar will collapse which means havoc on employment and anything else in its wake. We will all certainly be dealing in localized economies sooner or later in our home towns. cont…
December 2nd, 2009 at 11:07 pm
1.
gschut1
Ok, I …
1.
gschut1
Ok, I see your point but just for the record my estimate was just that an “an estimate” and its accuracy may certainly have some wide margins. Like I said it was based on the recent past history, the forward predictions of economists and the records from the Labor Dept. also I am talking about California and I will say it certainly doesn’t look good so far and seems to be getting progressively worse. Another 300 thousand homes went into foreclosure today. cont…
December 2nd, 2009 at 11:07 pm
SendinK9 – You are …
SendinK9 – You are making an assumption that is pure conjecture. At this time, nobody is in any position to give an accurante estimate as to what the final ‘high’ percentage of unemployment will be at the worst stage, probably early next year. Venturing to guess and elaborate is a waste of time. I do not believe it will be nearly as bad as what you suggest is possible. Maybe in isolated areas, yes, but as a whole average percentage, no.
December 2nd, 2009 at 11:07 pm
3.
I cant see why …
3.
I cant see why you feel 30% mid to late 2010 is so hard to believe. What info do you have to the contrary that is going to pull them out of this downward spiral or the rest or the country for that matter. What is going to prevent this from happening ??
December 2nd, 2009 at 11:07 pm
2.
Of course this …
2.
Of course this is based on a steady rise of 4.2% and in my opinion some Q’s will be much worse especially with the forecasts we have been hearing from the Dept of Labor. My original comment was not only based on what I read but recent economic history and past unemployment figures which you can find at “Forbes Layoff Tracker” (Google it).
December 2nd, 2009 at 11:07 pm
1.
gschut1
That …
1.
gschut1
That may be true but I see no reason “not” to believe it. 15 percentage points is not very much from the 13.5 % today. California is bankrupt! and what ever businesses are still a float can not get loans to stay that way so in this case I don’t see why 30 to 40% unemployment in a year or so is so hard to believe. Just based on the math it jumped 4.2 % since Jan 2009. If you figure 4.2 % every 5 months we are looking at August 2010 unemployment will be at 26.1 % cont…
December 2nd, 2009 at 11:07 pm
part of the …
part of the trillion $ bailout came back into the market today.
December 2nd, 2009 at 11:07 pm
DOW up 3% and my …
DOW up 3% and my short on the 30yr up 3.34%. Is this a case of ’safe’ money coming out of bonds to ride up this mini-wave?
December 2nd, 2009 at 11:07 pm
That’s “thinking” …
That’s “thinking” some times I get confused, start sounding like Jethro Bodean. Where’s Elli May……..
December 2nd, 2009 at 11:07 pm
SendinK9 – Do not …
SendinK9 – Do not believe everything you hear & read.
December 2nd, 2009 at 11:07 pm
Well ‘IF’ …
Well ‘IF’ unemployment does that get that high, maybe we should just build a couple of pyraminds for yucks, I got the perfect block all picked out, been thininig about this for a while.
December 2nd, 2009 at 11:07 pm
Why doesn’t every …
Why doesn’t every corporation just go on the news and say things are looking fantastic. Then the Dow will go back to 14 thousand+ and the recession will be over. You never heard anything like Intel has order of 200 mil new chips a month from HP and Dell which boosted profits. Its all just crap information. Its kinda like when you like a girl but she doesnt like you. But every time she bumps into you or looks your way you think you got a chance.
December 2nd, 2009 at 11:07 pm
Mot I was wondering …
Mot I was wondering if nationalized healthcare comes and people are starving. Can someone go to the hospital to get a meal? Starvation does = sickness doesn’t it?
December 2nd, 2009 at 11:07 pm
Intel is pumping …
Intel is pumping propaganda to boost cash reserves. Stock market doesn’t look at numbers anymore just soap box BS. Goldman Sucks claiming taxpayer bailouts as profits. Meanwhile real estate is starting to infect into an even more nasty little wound in our side. Dont get fooled, I honestly think we are going to hit a short period of really blind optimism. People who dont have jobs usually dont invest so the jobless will be irrelevant, But at least they will have healthcare
December 2nd, 2009 at 11:07 pm
Maybe Anti-Christ..
Maybe Anti-Christ..
December 2nd, 2009 at 11:07 pm
Amen
Amen
December 2nd, 2009 at 11:07 pm
There should be an …
There should be an audit of the FED. As Ron Paul has said, if it goes through there could be many connections revealed (IMF, World Bank, etc). I hear that Barnie Frank and Nanci Pelosi are holding it up. Write to your senator and the major news stations to cover this. Turn up the heat!!