Re: Bourses predictions
in response to
by
posted on
Feb 25, 2009 08:02AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Skarky:
I no longer take anything these anlysts say seriously. Fact is, we're in unchartered territory.This guy is doom and gloom, the best way to find out why is to determine his motives. If possible, find out what his position in the market is. I'm willing to bet he's short.
CLL is in a win/win position. SP will rise as oil does or it will be bought out at a premium...I think SP has been flat as short sellers seem to be staying away after they got roasted with UTS.
History has shown us that War and civil unrest go hand in hand with economic turmoil.. IN fact I would argue that the wars in Iraq and Afghanistan ( around 900 billion after 8 years) saved the U.S form an economic catastrophy after 911. Most people don't realized that MOST of the cash ends up in America- a real stimulus plan- Soldiers send they're pay home as do contractors. everytime something goes boom a high paid union worker in America has to build a replacement. The list goes on.
War in the Middle East is inevitable as Isreal will most likely bomb the Iranian Nuke plant. Mexico is almost having a civil war with the drug cartels, and the violence is spreading into the U.S.. Dictators around the world that depend on high oil prices are clamping down for fear of civil unrest. Russia is suffering rioting as well.
In America, my friends in the U.S are saying things look like it's going to get real ugly real fast. One must remember that 50% of the population don't want Obama and his push for Socialism. The media is hiding the growing discontent. PROBLEM in the U.S is that those that support Obama are also pro gun control and most don't own fireearms..Those that oppose Obama are armed to the teeth and are forming anti government militias. Gun sale have increased 30% since the election and ammunition is being horded along with food and medical supplies.If Obama makes any move on the 2nd ammendment ( the right to bare arms) as Clinton did, you're going to see armed revolts in the U.S..Another thing to look for..ALMOST EVERY U.S President has had at least 1 assasination attempt, if this happens to Obama the African Americans will go nuts and you may see open warfare between gangs and Militias.
Very ugly times indeed..Another little dirty secret of economic turmoil..DICTATORS pop up and create police states.