Crude oil surge hurts Asian stocks - Markets/Exchanges - Market News

CRUDE OIL HIT $70!

In early Monday morning trading, crude has hit $70. Katrina may be one of the worst storms of all time. Only three category 5 storms have hit the mainland.

Oil from the Gulf could be reduced for several weeks to several months. Bush may allow refiners to borrow from the SPR again.

Stock investors should remember that markets are seldom devastated from known risks. Markets get clobbered from things that are beyond the current radar of most people. Remember to always try to look forward not backward.

My outlook for the market for the next several years is quite good. The next really tough time after the pullback we currently enjoy will be after the 2008 Presidential Elections.

BUY THE BULL!