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runner140 | Todays financials...... | ||
Master Guru
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To start, at 10:35 we have the petroleum utilization report.
Its the weekly report to show use vs production and refining utilization. The commerce dept. at 10:00 reports May new home sales. It is expected to show a drop of 3% from April. The Fed reports at 2:15 and will discuss interest rates and inflation. Consumer confidence, over 800 fires in California and flood waters begin to recede in some parts of the midwest. Another day in paradise. |
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Posted on: 2008/6/25 12:27
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96, white and a ton of miles. Somewhat stock. |
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DaleD | Re: Todays financials...... | ||
Senior Guru
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Inflation is here. Consumer confidence, including my own is at a low.
But, on the bright side, I read yesterday where an oil fund, US Oil, had all 8.7 million shares being sold short. Looks like oil is coming down, but as we have learned, that doesn't necessarily mean gas prices are coming down. |
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Posted on: 2008/6/25 12:31
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Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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TommyT-Bone | Re: Todays financials...... | ||
Chair-man of the bored
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Things for me today are A/OK. Got a roof over my head, food on the table and some money in the bank. My consumer confidence level is high because I'm still spending. My gasoline supply is stable. Unfortunately, that's not the case for everyone. Todays tip... Save in the good times so you can weather the bad times. Yes , there will be bad times.
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Posted on: 2008/6/25 12:46
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smooth | Re: Todays financials...... | ||
Senior Guru
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I think you've hit the nail on the head Tommy.
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Posted on: 2008/6/25 12:51
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Alan 2001 Navy Blue Metallic Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. Dr.Seuss |
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DaleD | Re: Todays financials...... | ||
Senior Guru
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Quote:
Tommy, I think you got your philosophy here: |
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Posted on: 2008/6/25 12:52
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_________________
Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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runner140 | Re: Todays financials...... | ||
Master Guru
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We read daily of "demand destruction" on a worldwide scale but really havn't seen the results yet (lower prices).
If you look at the price of crude from a technical basis, its due for profit taking, but when and how much? The pro's (institutions) start to go short/take profits in this area (crude at $137.) and buy back in the low $130.'s. They will play this trading range until it either breaks above or below the above limits. One positive result from these high prices is its getting people to buy smaller cars with better gas mileage and its getting popular to look and find alternatives. |
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Posted on: 2008/6/25 12:55
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96, white and a ton of miles. Somewhat stock. |
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TommyT-Bone | Re: Todays financials...... | ||
Chair-man of the bored
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Re: The Grasshopper and the Ant.
I wish I did pick it up early . I finally learned it from the school of hard knocks. |
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Posted on: 2008/6/25 12:57
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DaleD | Re: Todays financials...... | ||
Senior Guru
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Quote:
Me too. I've always been a saver, and not a risk taker. I guess that explains why I'm not wealthy? But I'm ok with that. I just wish my kids had learned more of my thrifty ways. |
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Posted on: 2008/6/25 13:03
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Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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Matatk | Re: Todays financials...... | ||
Webmaster
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But there's a new story, Tommy, about the ant and the grasshopper:
Quote:
Matthew |
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Posted on: 2008/6/25 13:39
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2002 EBM convertible, Magnusson supercharger, cam, headers, etc. 1989 Corvette...RIP |
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DaleD | Re: Todays financials...... | ||
Senior Guru
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Ahhhh, the ant and grasshopper in socialist Amerika!
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Posted on: 2008/6/25 13:48
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_________________
Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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Transfer |
runner140 | Re: Todays financials...... | ||
Master Guru
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Quote:
I never dreamed this would turn out so interesting. |
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Posted on: 2008/6/25 13:52
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96, white and a ton of miles. Somewhat stock. |
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Matatk | Re: Todays financials...... | ||
Webmaster
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Quote:
Avoid socialism in America: Matthew |
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Posted on: 2008/6/25 14:09
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2002 EBM convertible, Magnusson supercharger, cam, headers, etc. 1989 Corvette...RIP |
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DaleD | Re: Todays financials...... | ||
Senior Guru
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Quote:
It appears we are on the same page! Sadly, it's been proven time and again, when you give people the ability to vote themselves entitlements, they will. Socialism is the logical endpoint for a republic. We just get to pick whether we want to take the slow train there, (McCain), or the high speed express, (Obama). |
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Posted on: 2008/6/25 14:12
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Whenever someone says "I'm not book smart, but I'm street smart", all I hear is "I'm not real smart, but I'm imaginary smart". |
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