Giving thanks for $100 oil
Commentary: The upside of soaring energy prices
http://www.marketwatch.com/news/story/giving-thanks-100-oil/story.aspx?guid=%7BB3D4B4E7%2DEB64%2D473C%2D9F6E%2DF17F505028EA%7D With an economy already reeling from high agriculture prices, a subprime housing problem and mounting debt, the specter of high gasoline and heating costs is likely to break the bank for many Americans.
The fact of the matter is that many more Americans are living paycheck to paycheck, even people who have never had to before.
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The good news -- yes there is some -- is that when things get this bad Americans seem to be at their best. From an investment standpoint there are going to be many opportunities because of triple digit oil.
A) We will hit $100 a barrel for oil
B) We will all have to sit through endless pointless political ads
C) Smart investors will find a way to make money from it.
Those three things to me are certain, and I want all of you to certainly take advantage of C.
Hear that, "all of you"??
If you're living paycheck-to-paycheck, what the hell is the matter with you? Get off your duff and start investing! Take advantage of option C for cry-aye-aye!
Debating on shoes for little Johnny or medicine for the dear spouse? Well, your answer is obvious: NEITHER! Invest, damnit!!
:sarcasm: