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Strategies & Market Trends : News Links and Chart Links
SPXL 213.39-5.0%Nov 13 4:00 PM EST

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To: Les H who wrote (12532)9/2/2005 9:55:53 AM
From: Return to Sender   of 29596
 
COTD - Katrina and Significant Rises in Oil Prices:

chartoftheday.com

Chart of the Day
Increasing demand and Hurricane Katrina have resulted in soaring gasoline prices. Today’s chart takes a look at how the stock market has responded to significant increases in gasoline prices over the past 25 years. As the chart shows, the stock market has tended to struggle following a year-over-year increase of more than 15%. Gasoline has increased well over 15% over the past 12 months and has the potential of negatively impacting consumer spending. For example, a recent California poll shows that 40% have cut back on spending as a result of high gasoline prices. Stay tuned…
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