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10/16/2014 11am EST //Sun shines on every dog's ass once in a while. Now for China to stem the bleeding. Need to read more...Quote:
Originally Posted by Bromontana
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Unleaded gasoline is making a new 52 week low .03c lower than it's previous low. Crude oil. Wow. Down. That's a lot of money changing hands.
So what does it all mean? Is oil a leading indicator of something? Is this just a reflection of the less fast acceleration of China? Or what? All I know is that I have some FB friends who work in oil and gas and a year ago it was all posts of front row seats to Avs games, extotic vacations, and pictures of their food. Lately it has been complaining about traffic and the agony of having to make dinner at home.Quote:
Originally Posted by 4matic
One more sign of deflation threat (the elephant in the room)?Quote:
Originally Posted by mcsquared
You live in Denver, right? Talk to some old timers about booms and busts around oil. Fortunately, they got away from that one trick pony some time ago.Quote:
Originally Posted by mcsquared
There may be some ghost towns in South Dakota and Pa. pretty soon.
Oh yea, I know. Our Governor used his experience going through a bust to get elected. I am just wondering what it all means on a larger scale. With low gas prices is Ford going to sell the shit out some redesigned F150s or does this mean that people can't afford redesigned $50k pick'emup trucks?Quote:
Originally Posted by Benny Profane
All of the above.Quote:
Originally Posted by mcsquared
Stronger dollar and lower commodity prices helps the 47% consumer. Company earnings tied to higher prices and inflation not so much. Probably a record Christmas and a very good economy for another 6 months at least. Affects of disinflation will hit the industrials and multinationals earnings hard next year.
Caution advised in energy junk bonds. Most of the High Yield ETF's are heavily weighted in oil exploration. Your FB oil friends should be nervous.
Silver down 25% in three months.
already the word is out that SUV and pickup sales are up, and hybrids down. Americans are such pigs.Quote:
Originally Posted by mcsquared
Looks like you are going to have to wait a little longer to tell everybody that you were right all along.Quote:
Originally Posted by Benny Profane
How so?
Benny - you should start a blog to regurgitate all of these major news links on and call it Yahoo!
Or just link directly to Zero Hedge
Europe setting up for more easing. Short euro. Short yen. Short gold. Long dollar. Long us equities. US economy steadying and election results bullish, will be interesting to see how the Fed takes what's going on in Europe and not much success in Japan (granted their problem and solution is long term) and factoring it into the rate plan. Unfortunately I can't see them hiking rates sooner than planned despite relative stability domestically.
Pretty much. Election results suck, but stocks will do well for those that own them. Gridlock is good for the short term.Quote:
Originally Posted by Brock Landers
Can't let that one slide. When the fuck did I predict doom after '09?Quote:
Originally Posted by ICEHOCEY77
that's a nice observation, JanusQuote:
Originally Posted by Benny Profane
this annual mood has been with us since 1921's October?
Fucking clockwork. That sell in may thing ain't bad advice, either.
With 39 up years and 25 down since 1950 I'd say you are perhaps a bit off base about October: http://www.moneychimp.com/features/monthly_returns.htm
I really don't get why there isn't an annual Wall Street Wicker Man burning on Halloween. give him a wicker skeleton and a nice suit of clothing made from dolladollabillsyall and bonds and stock certificates and commodity stakes, light him with a torch soaked in Pennsylvania fracked groundwater.Quote:
Originally Posted by Benny Profane
http://thereformedbroker.com/2014/11...onal-tailwind/Quote:
Originally Posted by creaky fossil
I guess a set of charts and an exec summ para will do
Gasoline prices completely collapsed again today. Below $2.00 on Nymex. Monthly support I been talking about for almost a year.. It should hold for a while.
I thought I heard a flushing type sound today re: oil and gas prices. Makes you wonder why food prices aren't falling with them. If transport costs go down they should, right?
Hey, is it worth the cost to join the Motley Fool? They make a pretty good case for themselves.
Timely bump. Crude oil fell $5 last night. Gasoline down another .12c. Down the most in three years! Opec checks to the market:
http://www.bloomberg.com/news/2014-1...n-barrels.html
If you have the discipline to follow strategy. Sure, why not, you probably won't lose a lot of money following their picks and will learn a lot.Quote:
Originally Posted by gravitylover