I don’t often write about stocks or the economy.. it’s just too difficult to know anything with any certainty anymore. We’ve been kicking this can down the road far longer than I thought would be possible at this point but a quick look around the world and you are seeing the wheels start to come off. Here are a few scary charts that when combined with the news coming out of Europe and Japan spell trouble.
As BP is my favorite integrated oil company I’ve been following this gulf story closely. It certainly sounds like this mess with the blown well is going to take a long time.. maybe months to fix and you just know it’s going to be a daily story. Of course BP is insured.. and there are other companies involved that are taking a hit but every time the story comes up it’s BP getting trashed.