Market Watch with Tom Waitt

November_16th_2011.mp3 Traction - On a Slippery Slope    Crude oil is above $100 a barrel up 36% in 5 weeks while Global economic forecasts are in disarray. Crude Oil (Click For Larger Picture) Fiddling while Rome burns! European economies are in disarray causing concern globally and dire forecasts of the future. But why would crude oil rise if we are heading into a World wide slowdown? Perhaps we are seeing a paradigm shift that few foresee. After pumping liquidity into international economies do we have a spark that has ignited oil? Gold has toped out at $1923.70 and is down 10% while the European crisis spreads. The S&P 500 index is up 17% from this years low. Pessimism is at a peak gloom and doom is prevalent in every media report. Little is expected from the massive U.S. market with political turmoil expected over the next year while 2012 elections stagnant any coordinated solution. There are many opportunities to make money but it requires action on your part, each stock sele