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Oil hits $100 a Barrel, Gold hits $850, Dow Drops…

Posted Wednesday, January 2nd, 2008 at 12:39 pm · 2 Comments · By: Mr K

What a way to start the new year huh? Today Oil futures hit $100 per barrel for the first time ever. Gold also surged past the $850 mark and the stock markets are all dropping. This can’t be a good sign for the new year. 2008 seems to be the turning point for this economy. We are going down hill people! Can’t anyone do ANYTHING about this? Screw it, I am going to bet against the market from now on (until I feel otherwise). The dollar will continue to drop as well. Just watch it.

Tags: Bearish · Blabber · Dollar

2 responses so far ↓

  • 1 While you were sleeping…The markets CRASHED // Jan 22, 2008 at 8:17 am

    [...] you guys remember my post about betting against the market? Doesn’t look so dumb now huh? read more about the 08 market [...]

  • 2 Gold hits $1000, Oil hits $110, Dollar hits Low… // Mar 13, 2008 at 8:50 am

    [...] on January 2nd of this year speaking about Gold, Oil, and recession? If not, go ahead and read it (Oil hits $100 a Barrel, Gold hits $850, Dow Drops…). I believe we still have a ways to [...]

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