I read your above posts and I understand what you are saying but I disagree with your assumption that the markets/economy/consumer confidence will straighten out once americans realize we may have it better here than europeans do. That isn't what is holding the confidence of the american consumer down. Americans know already that we live better than the rest of the world. We have internal economic issues(housin/credit/slowing growth/recession etc) that are weighing on consumer confidence besides gas prices that may be lower than the avg europeans. Also our lifestyle differs greatly than europeans. Our country is huge and the highway and driving is a big part of our culture and lifestyle which only recently has begun to be impacted by higher gas prices. Americans have tons of toys. Boats, Rv's personal water craft, bass boats, ski boats, off road ATV's motorcycles etc. The rest of the world lives quite differently than the avg american. Even well off europeans don't drive as much and burn gas like we do. Things are all relative though. Just because we have it so good and others don't is irrelevant. It's apples to oranges. Any squeeze on the american lifestyle is going to be met with plenty of bitchiing no matter how much better we have it than the avg european, Indian, Chinese, African what have you.
Looks like the duck should go waddle back to the pond. Frankly duck, you think too much. Admit you are wrong duck and go long. You missed out already on two days of profit to the side that historically always wins in the long run. Quack quack - out!
$125 a gallon is standard here in the U.S. for Truck and Suv owners with 30 gal tanks. All the soccer moms driving around in Excursions, Chevy tahoes etc........gang bangers in their Cadillac Escalades, Hummers etc...$125+ a fill up.
In none of the periods you listed did the Dow shred over 8% in one day. The closest one came from Sept 11 where the market opened down 7% on the 17th. Let say in these 4 occassions you listed that the Dow has a 4%+ down move. That adds up to 4 sessions in 8 years (250 x 8) or ~ 2000 trading sessions. So that is ~ 0.2%. I'm guessing "easily" in your term is probability of ~0.2%?
Excellent point. But S2007S never backs up anything that he says with statistical evidence. He just "cut and pastes" whatever he reads without doing his own "homework". Leave it to him to think that a probability of ~0.2% is "easy". Nothing new from this guy. Same old drum-beat.
Wrong once again. You are so out-of-touch with what is actually going on in the Economy that you should just stop posting about it. GDP: +1.9%
Targets met, am taking profits here and leaving 10% of the calls to run with tight stops. Going on a much needed vacation for a few days. Good luck all, careful not to press too hard in this type of market.