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    Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In

    Bulls & Bears

    This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Tobin Smith, ChangeWave Research editor; Cheryl Casone, FOX Business Network; Bob Froehlich, DWS Scudder chairman of investor strategy, Joe Battipaglia, Stifel Nicolaus market strategist, private client group

    Trading Pit: Best Week for Stocks in '07: Will Storms & Oil Wash It Away?

    The Fed's rate cut fueling a wild rally last week... But could new storms fueling higher energy bills wash it all away?

    CHERYL: If oil prices go up, the price at the pump goes up. We already have a consumer that is very nervous right now. If we get inflationary pressure, that’s going to stop the Fed from giving us anymore rate cuts.

    TOBIN: $100 barrel oil in today’s value is somewhere equivalent to where we were in 1982. If we’re there for six months, forget about it bad news. With the dollar down, oil goes up. But we are more resilient than people know.

    GARY B.: There’s no doubt at some point it will drag down the economy and potentially the market. We’ve become used to this $3.25-$3.50 a gallon gas price. At this time last year, with the same prices at the pump, it was in every headline. We’ll know it’s worrisome when another Congressional hearing is held looking into the outrageous oil profits. But strangely Congress has been silent on that, and that is good news for the market.

    JOE: No. We've had rising oil prices for several years now and while it may have hindered growth it hasn't killed it. For oil to bring down the economy and the stock market there would have to be a massive supply interruption that causes rationing and significantly higher prices.

    PAT: It’s a worry if oil prices affect consumer spending. Higher interest rates when mortgages reset this fall my hit consumers hard this fall. We haven’t seen this level of resets in the past. This combined with higher gas prices and what it will do to consumer spending is a worry that shouldn’t be shrugged off.

    BOB: Supply disruptions are the big wild card. As an investor, you can’t invest based off of that one potential event. We have to go by the supply and demand fundamentals. We’re going to see higher highs and higher lows for the price of oil.

    Iran's President: Should Your Tax Dolllars Help Support Him?

    Iran’s President Ahmadinejad arrives in New York Monday to address the UN General Assembly. Should our tax dollars support it?

    JOE: Absolutely not. Iran is a terrorist sponsor and avowed enemy of the U.S. and its allies. We should arrest him as a supporter of terrorism, and as a violator of international law.

    TOBIN: Hold your friend’s close and your enemies closer.

    PAT: The United Nations is located in the United States. Therefore, we have to protect the people that show up to speak there.

    GARY B.: No, he shouldn't be allowed to enter this country, and should be arrested. We could have our arm around him and have him to the white house, and he would still deny the Holocaust, he would still be a friend of terrorist, and he would still want to blow Israel off the map. This type of person should not be welcome in our country.

    BOB: If we want to block our political enemies from coming into the United States then we need to re-think as a nation whether or not we want the United Nations headquartered here. We can't have it both ways!!!

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