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Bulls & Bears | Cavuto on Business | Forbes on FOX | Cashin' In
Bulls & Bears
This past week's Bulls & Bears: Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research; Eric Bolling, FOX Business Network; John "Bradshaw" Layfield, Layfield Energy, and Sarah Flowers, Democratic strategist.
Scary news on jobs, stocks, oil and gas: What's next?
Eric Bolling: Oil market took off for several reasons and the dollar is weak. Congress looking whether or not there is manipulation in oil market. The oil companies said no. Oil prices went up…and stocks went down.
Scott Bleier: You stay out of the way. Oil is capitalism run amuck. Oil being up has nothing to do with supply and demand. It's going to kill corporate earnings later this year. Wait for new lows in the DOW.
Tobin Smith: Teens are the biggest part of jobs lost therefore the unemployment rate is up because of seasonal issues. Bigger issue: Congress said "It's okay what you're doing oil companies."
John Layfield: Scott is on Pluto thinking that oil going up in price is not a supply and demand issue. Congress is lame for these interrogations of oil companies. Raising taxes on oil companies is a stupid idea.
McCain v$ Obama: Which one can get the economy back on track?
John Layfield: Election is about age and race - and I don't care about either issue! Obama will be a detriment to this economy by raising taxes on oil. Economically, Obama is wrong.
Sarah Flowers: Obama only wants to tax those in the upper-upper-upper percents of this economy to stabilize taxes. Reducing troops in Iraq will reduce oil prices.
Tobin Smith: Obama is telling us incorrect facts. 80 percent of Americans paid less income tax than they do Social Security and Medicare. The top earning 10 percent of Americans pay 75 percent of total income taxes. Why does the middle class need a tax cut? Why tax the rich more?
Eric Bolling: Higher taxes are bad for the economy, and Obama needs to raise taxes to pay for his programs.
Stock X-Shange: November Winner$
To watch this segment in its entirety, click here.
Tobin Smith's Pick: Chemical & Mining of Chile (SQM)
Scott Bleier's Pick: Advanced Semi Engineering (ASX)
Eric Bolling's Pick: Alliant Techsystems (ATK)