Pre MArket Babble

Durables TUMBLE and take the futures with it. Looks like capital equipment and high tech spending hit hardest. High OIL blamed!

Oil will fall when demand dampens, that will happen when we have a world Recession.

Hybrid cars the answer? TOO DAMNED expensive for avg driver, a heft $5K to $10K premium, then IF batteries ever replaced same again. Takes an SUV from 20 MPG? to maybe 35 mpg.

If ONLY BUSH had mandated 5 years ago when he VETO'D legislation that would have increased AVG auto mpg by roughly 5 over that period, we MIGHT not be talking oil crisis. If we hadn't invaded Iraq under false pretense and now lay there in quagmire, same. If we hadnt had SUV'S advertised down our asses and had a gov sit still and actually give tax breaks for buying them!!!?? same

SO we get this wonderful new ENERGY BILL, wonder why Hydrogen stocks have fallen since then? why oil has risen? because it knows how pathetic the bill was and how it gave $$Billions to the oil companies like they really need it.

And NOT a F'ing word about "conservation" increased fuel standards.

Where is the LEADERSHIP? Have you seen Bush speaking recently? this vacation isn;t heloing him he looks WHIPPED

Our economy is whipped too. RR gives Bill Bonner kudo's for his recent piece on how Greenie built the Asian economies.....I have been posting about that along with many others for over a year now. The Daily Reckoning along with Agora Publishing is the most powerful spam blitz machine on earth for SELLING their financial letters, and they have tons of them, maybe some good ones, but they could put almost anyone in business, and when you buy a sub you get BLITZED with mail both snail and email for all kinds of offers, I called SEVERAL times and begged them to stop! demanded it....oh I go on...you know "WE'LL make you 1,000 X your money..." once even having an offer..."send in your money NOW and get this incredbale stock tip!!!!" NOT impressed

Anywho, indexes breaking below their 50 SMA's, oil for now refusing to give back and the effects of this being felt in every body part! and the CPI shows NONE of this, who speaks out against BLS manipulation?

Duratek