Wednesday, October 22, 2008
Good Times Ahead?
The euro is trading at $1.28, close to what the original mark was supposed to be at $1.18. Oil is under $67. Gold is down to $725 an ounce. In times of trouble to world comes to the U.S. The stock market is falling, but the volume is around 1 billion versus 3 billion shares traded daily. The Dow is 8500, fire sale prices for those who can wait 5 to 10 years.
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2 comments:
I think if you buy now or soon, it may go lower still, you could make money right away as soon as the banks get capital again they'll be buying stocks like crazy, especially green energy stocks! Oil will go back up right after the election no matter who wins, in 6 months it will be over 120 again
That depends whether the U.S. starts off-shore oil drilling. By the time the economy recovers we could have a lot more oil on the market, thus keeping the price down.
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