PickensPolitics.com -- Pickens County

<BODY TEXT=#000000 LINK=#0000FF VLINK=#FF0000 BGCOLOR=#FFFFFF > <BASE TARGET="_top"> <DIV ALIGN=center class=s0 style='margin-left: 9mm;margin-right: 2mm;'>  </DIV> <DIV ALIGN=center class=s0 style='margin-left: 9mm;margin-right: 2mm;'> <FONT style='font-family:"Cooper Black";font-size:70pt;'><B>P</B></FONT><FONT style='font-family:"Cooper Black";font-size:50pt;'><B>ickens</B></FONT><FONT style='font-family:"Cooper Black";font-size:40pt;'><B> </B></FONT><FONT style='font-family:"Cooper Black";font-size:70pt;'><B>P</B></FONT><FONT style='font-family:"Cooper Black";font-size:50pt;'><B>olitics </B></FONT></DIV> <DIV ALIGN=right class=s0 style='text-align: right;margin-left: 9mm;margin-right: 2mm;'> <FONT style='font-family:"Cooper Black";font-size:48pt;'><B></B></FONT><FONT style='color:#FF0000;font-family:"Cooper Black";font-size:14pt;'><B>www.PickensPolitics.com </B></FONT></DIV> <DIV ALIGN=right class=s88 style='text-align: right;margin-left: 9mm;margin-right: 2mm;'> <FONT style='color:#FF0000;font-family:"Cooper Black";font-size:14pt;'> </FONT></DIV> <DIV ALIGN=center class=s0 style='margin-left: 10mm;margin-right: 2mm;'> <FONT style='color:#FF0000;font-family:"Cooper Black";font-size:14pt;'></FONT><FONT style='color:#FF0000;font-family:"Arial Rounded MT Bold";font-size:12pt;'><A class=s0 HREF="http://pickens.proboards83.com/"> Message Board</A>    <A class=s0 HREF="alex_000001.htm">W</FONT><FONT style='font-family:"Arial Rounded MT Bold";font-size:12pt;'>rite-ups</A>    <A class=s0 HREF="alex_000006.htm">Videos</A>    <A class=s0 HREF="alex_000004.htm">About Us</A>     <A class=s0 HREF="mailto:pickenspolitics@yahoo.com">Contact Us</A> </FONT></DIV> <DIV ALIGN=justify class=s1086 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;margin-bottom: 2mm;'> <FONT style='font-size:11pt;'> </FONT></DIV> <DIV ALIGN=center class=s1300 style='text-align: center;margin-left: 11mm;margin-right: 2mm;'>  </DIV> <DIV ALIGN=center class=s1370 style='text-align: center;margin-left: 10mm;margin-right: 2mm;margin-bottom: 2mm;'> <FONT style='font-size:11pt;'></FONT><FONT style='font-size:14pt;'><B>Market Update </B></FONT></DIV> <DIV ALIGN=center class=s1370 style='text-align: center;margin-left: 10mm;margin-right: 2mm;margin-bottom: 2mm;'> <FONT style='font-size:11pt;'></FONT><FONT style='font-size:13pt;'>By Alex Saitta </FONT></DIV> <DIV ALIGN=center class=s1370 style='text-align: center;margin-left: 10mm;margin-right: 2mm;margin-bottom: 2mm;'> <FONT style='font-size:13pt;'>July 15, </FONT>2008 </DIV> <DIV ALIGN=center class=s1370 style='text-align: center;margin-left: 10mm;margin-right: 2mm;margin-bottom: 2mm;'> <FONT style='font-size:11pt;'> </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:11pt;'>Comment from November 19, 2007: </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:11pt;'>Crude oil is still firm, holding above $90. We'll see $3 soon, and long-term, I think gasoline is going to $4.  </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:11pt;'></FONT><FONT style='font-size:12pt;'>Stocks are rolling over. As I said above, this is going to get ugly, and it is safe to say, right now, it is not pretty. If you are long, and you still haven't gotten out, by all means, do so now. The market is below 13,000 and the next key level is the previous low of 12,649. </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'></FONT><FONT style='font-size:11pt;'>Comment from January 8, 2008: </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:11pt;'></FONT><FONT style='font-size:12pt;'>The stock market had another big down day today. It is safe to say it is heading to below 11,000. I think this will come to as a surprise to those who bought into what their brokers say, "In the long run, stocks always go up." </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>July 16 Update: </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>Stocks have reached their target of just below 11,000, reaching there yesterday. I no longer have an opinion on stocks. </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>Concerning the energy complex, gasoline has reached its $4 target, so a correction or decline will occur. Is it a top or a just the up trend taking a break? I'm sure the over-priced experts on  CNBC will say the energy run-up is over, but it is not. Sad to say this is a major bull market. I still think gasoline is somewhere in the middle of its move. Likely it is heading to $7 to $8 a gallon over the next few years.  </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>I still have my $1,500 Gold target. I think I made that prediction a year or so ago. The market is just trading sideways now, but this is also a major bull market. I still like it.  </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>China is putting 9,00 new cars on the road each day. The industrialization of Asia is what is driving energy prices in my opinion.  </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>Gold is a function of rising energy markets, and growing U.S. debt and the trade imbalances it causes. Instead of addressing its over-spending and borrowing problem, the U.S. is just printing money. That's inflationary. Expect inflation to continue to rise too. </FONT></DIV> <DIV ALIGN=justify class=s1371 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:12pt;'>  </FONT></DIV> <DIV ALIGN=justify class=s114 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:11pt;'></FONT><FONT style='font-size:11pt;'><B>Latest Write-ups: </B></FONT></DIV> <DIV ALIGN=justify class=s114 style='text-align: justify;margin-left: 10mm;margin-right: 2mm;'> <FONT style='font-size:9pt;'> </FONT></DIV> <DIV ALIGN=center class=s0> <A class=s0 HREF="index.htm">Home</A>   <A class=s0 HREF="http://pickens.proboards83.com/">Message Board</A>   <A class=s0 HREF="alex_000001.htm">Write-ups</A>   <A class=s0 HREF="alex_000006.htm">Videos</A>    <A class=s0 HREF="alex_000004.htm">About Us</A>   <A class=s0 HREF="mailto:pickenspolitics@yahoo.com"> Contact Us</A> </DIV>