Love this one

[Biggus Piggus]

nm

[SultanofSwine]

In a domestic only discussion, he might not be that far off but his article fails to consider the bigger global picture imo.

[SultanofSwine]

Was going to start a thread on what everyone's outlook for '10 and '11 are but this seems like a good place for that discussion.

Anyone?

[SultanofSwine]

Dont disagree but I am not sure that the market has enough stability to weather what might otherwise be minor blips thus creating the effect of a bubble pop. That said, I dont expect a major retrace towards the lows but certainly wouldnt rule it completely out.

[Singha Hog]

Good grief that article has some much crap in it where do you start?

Given the huge deficits from the bailouts, it's likely that investors will want a far bigger cushion for expected inflation

If we start to get the hyper-inflation everyone is so worried about, what do you think is going to happen to the price of oil and gold?  Sure as hell ain't going down.

So how much are oil companies paying to produce the world's most expensive barrels of oil? A good estimate is $55 to $60 a barrel. That's what it costs Anadarko Petroleum (APC, Fortune 500) to extract oil from deep wells in the Gulf of Mexico

Yes, deepwater wells in the GOM are expensive but they are not necessarily the most expensive in the world.  Try your hand at drilling offshore Russia where it takes specialized ice-proof supply vessels, LNG carriers, etc. 

Oh, and some of the places where it's easy to get oil out of the ground can have 50% to even 100% added cost for government corruption errrr charitable donations.  You think places like Nigeria and Venezuela aren't fleecing the hell out of the oil and gas companies?  Who do you think pays that in the end?

When this happened in the early 1980s with silver, prices plummeted from $50 to $15 in less than a year.

And here I thought the main reason silver plummeted so much is because the Hunts got busted for trying to corner the market.  That may have had a little bit to do with the run up to $50 don't you think?

[OldPoop]

Good grief that article has some much crap in it where do you start?

And here I thought the main reason silver plummeted so much is because the Hunts got busted for trying to corner the market.  That may have had a little bit to do with the run up to $50 don't you think?

You are correct sir.

[HognotinMemphis]

That is one of the more stupid articles I've read in a long time. Whoever wrote that is not smart.

[Fletch]

I don't know if he is taking Brian Wesbury's comments out of context or what, but he has been one of the most bullish investors throughout the entire bear market and still maintains his V shaped recovery view.

[Oklahawg]

Oil prices bumping forward despite soft demand and noteworthy reserves. That was the assessment in the Tulsa World this morning.

T Boone Pickens has been awfully quiet on his natural gas and windpower plans. At least lately. Maybe he's trying to figure out how to repay Okie State the millions he lost for them with his hedge funds.

[DeltaBoy]

Nothing like Chicken Little's running around.