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Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In
Bulls & Bears
This past week's Bulls & Bears: Eric Bolling, FOX Business Network; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research; Gary B. Smith, Exemplar Capital managing partner; Joe Battipaglia, Stifel Nicolaus, and Chris Kofinis, Democratic strategist.
Wall Street's Me$$age to Congress: Stay Home!
Congress back on the job this Monday after a week vacation, and what do they have on tap? A plan to cap gas prices at $2.49 a gallon. Sounds good for gas near $4, but someone here says it's just one more reason why Congress should go back home.
Tobin Smith: They should stay home until they have a forced economic lesson. Capping gas prices is dumb.
Gary B. Smith: I'm conflicted. Capping gas prices isn't even worth discussing. It's ludicrous. Congress spending money which is good for the economy, but I'd rather spend my own money my own way.
Scott Bleier: We need the government. 30 percent of the GDP is by the government. The economy needs Congress.
Chris Kofinis: I wish the Republicans would stay home, but of course Congress need to come back to tackle the country's problems.
Eric Bolling: Heck no! The market is doing better and oil prices are down in the week Congress went away.
Joe Battipaglia: Congress is ineffective; they might as well stay home.
Use Tax Dollars to Rebuild or Relocate Tornado Victims?
More dangerous storms whacking the Midwest... Causing lots more damage to what's already a record tornado season. The recent twisters in Iowa alone costing nearly $6 million. The government using your tax dollars to help with all the cleanup. But someone here says we should pay the victims to relocate, not rebuild.
Eric Bolling: Here's the situation... We encourage people to build on these coastal plains, floodable areas. They build ocean front homes, they flood , and then the taxpayers pick up that insurance premium. They rebuild these homes in the same spot and encourage people to move into the same areas. This is ridiculous. Get rid of it.
Gary B Smith: People can choose to live anywhere they want. If you want to live in the tornado path, or in the flood plains, have at it! I'm fine with that. But then why is the government getting involved and then paying people for their mistakes or their want of this? I don't understand it. I don't think they should be in the business of relocating people. That is what people have insurance for. That is what towns and states have insurance for.
Chris Kofinis: These aren't bad people living in coastal areas! Bad things do happen to good people. But the idea of relocating people sounds bizarre to me and isn't something the government should be in the business of doing. We want the government when there are certain types of natural disasters, because of its resources and power. To be able to come in and help people in need is one of the responsibilities of federal government. The notion that somehow we are going to relocate people out of these areas is ridiculous!
Stock X-Change: Energized Stocks
Stocks that'll make you smile when filling up at the pump. Yes — smile! Time for the Stock X-Change.
If you want to watch what each had to say about each stock, click here.