Podcast: The Next Economic Hurricane Will Be a Category 5

Podcast: The next economic hurricane will be a category 5

Ford (F), General Motors (GM) Trading At 52-Week Lows

The auto industry is suffering. I mentioned just a minute ago about how many Americans have to borrow to buy cars and that's one of the reasons that both General Motors (GM) and Ford (F) are again hitting new 52 week lows. 

Ford (F) is trading close to  an eight or nine year low or something like that. But General Motors (GM) is again at a new 52-week low as both of these stocks are venturing further into bear market territory.

Crude Oil: $80/Barrel By The End Of The Year

Crude oil is getting more expensive again. The chart to me looks very, very strong. I still think we have a shot of 80 dollars a barrel crude before the end of the year and then north of a 80 dollars a barrel next year especially when the US Dollar rolls over. If you think about how strong crude oil prices are today with the US Dollar strong, imagine how much stronger oil prices will be tomorrow when the US Dollar is weak.