InvestYoung

Offshore Drilling!

Bush is asking Congress to lift bans so we can start more offshore drilling. This step by President Bush is because even he thinks $4 plus a gallon is to high for Americans to pay. Here’s what I think, by lifting this ban – what short-term affects would this be for us? I honestly have no idea how this will all play out. What we really need to be doing is forcing OPEC to increase outage. Now that would have an immediately fix to the problem. Although lifting the ban would in my opinion help us down the road. I also feel that the ban will not be lifted, because the Democrat’s and Bush can never agree on anything. That is the true reason why American’s today have so many problems, our politicians. There a bunch of pencil pushing jerks that have no clue what us true Americans are going through. Yes, all politicians, I sick of all of them!

Goldman Sachs Profit!

How in the world did this happen – Goldman Sachs 2Q profit down but beats expectations? According to Goldman Sachs, their earnings where down 10%. I don’t know what expectations Wall Street had, but they must have been low. If you don’t know this already – Goldman Sachs Group Inc., is the world’s largest investment bank. A lot of money is made with Goldman Sachs, which’s why it’s big news in the investment world. You would think with this great news coming out, stocks would be up. But not the case, they’re down so far for the day. Maybe after lunch investors will feel better and start buying again.

Stocks Start Down!

Well, here we go again. Another week of stocks starting down all because of the price of oil. Also the report on manufacturing activity wasn’t good either. With the price of oil at almost $140 a barrel, and manufacturing activity becomes weaker doesn’t help the economy and concerns of inflation. It also seems like most people are living day to day, which isn’t good. It goes back to the old saying, the rich get richer, and the poor get poorer. Right now I’m taking it by the month. But the day to day is right around the corner!

Tiger Woods vs. Rocco Mediate!

The playoff is set at the U.S. Open at Torrey Pines, Tiger Woods vs. Rocco Mediate. This playoff should have never happened. Woods miracle shot on the 18th hole of the final round was amazing. Woods is unbelievable under pressure. When Rocco Mediate, who is ranked well over 150 in the world saw the putt drop he said “ I knew it, he’s Tiger Woods”. Yes, he’s right, and now he will have to take on Woods today. Who will win, Tiger Woods or Rocco Mediate? I will be routing for the under dog Rocco Mediate. Who will you be routing for?