Originally Posted by
KC10 FATboy
Our market is slowly starting to rebound, but oil is going to spike again. It's already happened really, from the low 30s to now above $85 dollars per barrel. With the oil slick in the south and the Administration saying no new drilling until a cause is found, you can bet we are in for another oil run up.
There are articles all over the place, especially realclearmarkets.com, about the economy. GDP has expanded but probably 1/2 to a 1/3 of what a GDP would normally do after a deep recession and for every bit of consumer spending and business investment spending increase news there are a lot of ugly things going on out there.
I still think $90 a barrel, maybe $95 is tops and anything larger (because of some geopolitical event) than the beat up economy chokes to death. And we along with it.