Not really liking the way these futures are playing out tonight.
Crude, CL, has fallen below the 53.95 level I wanted to hold. No matter though, oil is still going up. The big exploration companies aren't working to full capacity, cause their going broke with oil so cheap. Really, it's not pretty for them. But not to worry.
The Economy's going to improve, Government debt or no Government debt, it always does and always will. Whether you believe in Adam Smith and the invisible hand guiding free markets, socialism, or communism, the economy always comes back and is more robust then before until the next contraction. (Guess communism was proven not to work)
Government thievery and intervention draws out the bad times, but they always end. Keep in mind that intervention and protection have vastly different meanings. The economy needs, in fact has to have regulation and over site to run correctly. Protection, if you will. Humans are greedy by nature and if you give 'em a chance to throw the women and children overboard to enrich ourselves, they'll do it every time.
Problem in this country is it's the Government that does the throwing and gets rich, all of the government, everyone one of the thieving pigs. So the people closest to the Government, ahem, big business,the people with the money, well they just don't have a very good example to follow.
And don't believe anyone in this Government gives a sh.. about you, cause they don't. YOU, me, we, all of us need to get involved and take back our country. It is a Government of the people.
ES broke out of my channel on the downside.
