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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Oral Roberts who wrote (56475)10/24/2008 10:15:22 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 57110
 
it's kinda scary when we become inured to -455 on the DJIA.

ho hum....just another trillion dollars of lost net worth...pass the taters please.



To: Oral Roberts who wrote (56475)10/24/2008 10:26:54 AM
From: Jorj X Mckie  Respond to of 57110
 
so..let's talk about oil. Down over 50% in three months....ouch

The high prices in oil has certainly been a tax on the economy too. It's not only filling your gas tank, it affects the price of everything we buy whether through transportation costs or actual use in the manufacturing price. The lower price of oil is going to help the overall health of the U.S. economy...IMO

And you just know that the high prices of oil have fueled a boom in the middle east.....I'm thinking we are going to see a real bust over yonder as they scale back from their recently built up infrastructure.

Is there a way to short dubai? (yes, I know they don't have oil, but they have been building there at unprecedented (and lavish) levels.