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Cavuto on Business Recap of Saturday, July 26

Bottom Line: Hurricane Dolly: Proof the Oil/Gas Bubble Has Burst?

Dagen McDowell: Dolly's aftermath still whipping up high winds and drenching parts of the South. The storm proving once again just how dangerous a hurricane season can be. But, someone here says it's also proving that oil and gas prices are finally going to plunge! Phil, Dolly smacked the oil-rich Gulf, but prices are dropping. Is that a sign that this bubble has popped?

Dagen McDowell: Charles?

Charles Payne: I don't want to cop out as much as Adam just did, but I think the bubble has burst for the near-term. Absolutely! Two things: Adam is right. Demand here in America is down. We saw gasoline demand down $0.13. And around the world, China's making people drive cars on even and odd days based on their license plates. What we saw for most of the summer was that oil would push around stocks. Now, we are seeing stocks push around oil. When stocks are going to be up for that day, particularly the beaten-down stocks like airlines, oil goes down.

More for Your Money: Stocks Under $10!

Dagen McDowell: Get ready to trade in those Hamiltons for some Franklins! It's time for a fan-favorite: Stocks under $10 that'll get you "More for Your Money."

Charles Payne: Palm (PALM )

FOX on the Spot

Charles Payne: Let your money soar with "UAUA "; up 60 percent in a year!

Click here to see this segment!

http://www.foxnews.com/story/0,2933,392524,00.html


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