mikesoh.com

The website has been updated! Didn’t take as long as I thought! Everything seems to be working. You may now continue to view the site as you normally do…:-)

I’ll be conducting a backup and upgrade of my web site on Saturday, March 25. Expect the site to be down all day.

Most companies are proud of their profits. In fact, when you profit, it’s a good thing because more people will want to invest in you.

Take Apple, Inc. (Nasdaq: AAPL) for example. Their stock has gone steadily up over the last year:

As you can see, the line goes up. Now, Apple, Inc. is very proud of this…and thus more people are confident that Apple will continue to do well…

So you’ve got to ask yourself…Why is Exxon Mobile Corp (NYSE: [XOM | http://finance.yahoo.com/q?s=XOM]), Chevron Corp (NYSE: [CVX | http://finance.yahoo.com/q/bc?s=CVX&t=5y]) and other oil companies downplaying their profits? They’ve said everything from "they really aren’t as high as you think" to "we’re really not making much of a profit."

According to Reuters, the oil companies have earned over ”’$100 BILLION”’ in collected profits last year (source) So…what’s going on here guys? Are you telling me that my stock really isn’t doing as well as it looks?

I think we should take their word seriously. We need to start dumping our oil futures, stocks, and options out of these companies that are spiraling into the sewers. The corporate executives are telling us that they aren’t doing too hot, even though the average American now has to take out a small loan to fill up their 30-gallon SUV that gets 5 miles to the gallon.

Is the oil-industry going to make it? Gosh, at the rate their going, they may have to switch to a bronze spoon…