Meet the new recession catalyst, same as the old recession catalyst: oil.Yes, indeed. Here we sit, still relying on crude, and not doing much about it. Has President Obama done anything to reduce America's dependence on oil? Did President Bush before him? Or Clinton, Bush I, or Reagan? No, no, no, no and no.
I hope I got enough noes in there. You get the idea.
We have lots of natural gas available right here that could be used in a new fleet of flex-fuel natural gas cars. At least Honda has a natural gas Civic on the market.
Well, if we are facing $4-5 gasoline, then Obama is going to get a second recession in his first term. And that'll flush hope and change down the drain. The stock market cyclical bull market will end, and the secular bear trend will resume.
I was hoping we would see SP500 hit 1500 before 666 again. I don't know. Seems like things are lining up, though.
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Still long with beta under 1. Also own some oil plays, which are moving up.
In week two of bodybuilding. More on an Audioboo to come...