$90 oil won't kill the bull

[crgarcia]

http://money.cnn.com/2007/10/19/pf/oil_bullmarket.moneymag/index.htm?postversion=2007102312

 

[ShoeshineBoy]

Quote from crgarcia:

http://money.cnn.com/2007/10/19/pf/oil_bullmarket.moneymag/index.htm?postversion=2007102312

High oil prices, a lowered dollar fueling inflation, a credit squeeze on corporations, lack of foreign investment, along with many consumers crunched from the housing crisis - see my other thread - could do it. I think it has to be more than one factor though: just higher oil prices won't do it alone. The US economy is like stopping an aircraft carrier - it takes a lot to break the momentum...

 

[stock_trad3r]

$90 oil is just a number

oil could easily double in the next year and it woudn't be a big problem


There is going to be a ton of media hype when oil passes 100 but it will have no impact on stocks.

 

[ShoeshineBoy]

This link does a great job that it's the fundamentals underneath an economy that matter:

http://www.forbes.com/home/markets/...-markets-marketsp07-cx_mm_1025mauboussin.html

In other words, it's not just a $5 increase in oil that will bring down the house unless it's a house of cards in the first place...

 

[brokerboy]

Quote from stock_trad3r:

$90 oil is just a number

oil could easily double in the next year and it woudn't be a big problem


There is going to be a ton of media hype when oil passes 100 but it will have no impact on stocks.

Your nuts if it doubled it would be a major problem. You’re talking 7 bucks a gallon. I think it would crush the economy. They would torch the white house at that point. All your food would go up 25% at least. The wages of US poor and middle class are not growing. Around the world it would be alot worse.

 

[Bowgett]

Quote from brokerboy:

Your nuts if it doubled it would be a major problem. You’re talking 7 bucks a gallon. I think it would crush the economy. They would torch the white house at that point. All your food would go up 25% at least. The wages of US poor and middle class are not growing. Around the world it would be alot worse.

In UK gas costs $5.64/Gallon and guess what they are just fine.

http://money.cnn.com/pf/features/lists/global_gasprices/price.html

 

[S2007S]

Quote from Bowgett:

In UK gas costs $5.64/Gallon and guess what they are just fine.

http://money.cnn.com/pf/features/lists/global_gasprices/price.html

So Gas going to $6-7 bucks over the next 12-18 months would NOT be a problem....

Yea okay...

 

[just21]

Quote from Bowgett:

In UK gas costs $5.64/Gallon and guess what they are just fine.

http://money.cnn.com/pf/features/lists/global_gasprices/price.html

The UK has benefited fromm oil being priced in a falling dollar. In 2000 truckers blockaded the refineries and within days the country nearly collapsed.

 

[Businessman]

Quote from Bowgett:

In UK gas costs $5.64/Gallon and guess what they are just fine.

The UK is a small country. Cars and Trucks dont have to travel far.

 

[nampooya]

England has rail,bus systems that take care of poor.We have wide open spaces,two/three cars per .We also go to starbucks alone in our trailer sized rigs.