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Politics : Welcome to Slider's Dugout
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To: anyer who wrote (543)8/31/2005 9:51:02 AM
From: J.B.C.  Read Replies (3) of 50620
 
Hmmm, I have to respectfully disagree with both you and the following post from Slider.

First you say this was "a demand killing event" for gasoline, then you say you would not be surprised to see gasoline rationed. That doesn't fit. As long as the government doesn't implement price controls (practices that totally failed in the '70's)on fuels, there will be ample supply. With the current administration, price controls are totally unlikely. Prices are just now approaching parity with 70's increase and impact. So we've been there before. Also $70 / barrel brings a whole lot of oil opportunities to the market. We will see an oil glut in the future...bank on it. (Just not yet)

I see $50 Billion in new construction opportunity just made available by a hurricane. I'm actually thinking after a soft Sept-Oct, it may be rally time on the market overall as the market has to catch-up with inflation driven earnings. Climb that wall of worry. But, I still see good opportunities for gold and silver.

Let's look to the past:

9/11 - Now this was an economic killing event....Yet after a wash-out in an already downtrending market that lasted about 1 week, the markets went an a tear for the next several months.

War with Iraq (spring of '03), remember all the concern...This was going to kill the economy. When the War started, so did the Market, and it hasn't looked back.

JMHO.

Jim
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