Exploring Hydrocarbon Depletion
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Armageddon wrote:Down 500 and oil below $40.00 are my predictions.
biofuel13 wrote:SPG- Can you post or link up to the band line chart for the day please?
Just getting warmed up.
The jobs report doesn't account for the 637,000 people who dropped out of the labor force.
The share of all men ages 16 and over who are working is now at its lowest level since the government began keeping statistics in the 1940s.
For those optimists who thought we were at a BOTTOM - not even close...Do the math and you'll see:
- consumers are 2/3 of the economy
- 1.9 million (so far this year) do NOT have the jobs they had in 2007
- fully 7% of homes are in some stage of foreclosure
- their ability to GET a loan (of any sort) has been drastically curtailed
- their net worth is likely 40%+ lower than last year
Does THIS portend a market upswing? I think not.
Take Care everyone!!
Nah. Kind of a lateral consolidation forming. Not surprising with the support level. Might even get another late day plunge if things hold out.biofuel13 wrote:Ahh the good old 150 pt + rally. Anyone here think it has legs? I think not...
Christopher S. Rugaber, AP Economics Writer wrote:..."We're not day traders, and we're not looking for a return tomorrow," Kashkari said. "Over time, we believe the taxpayers will be protected and have a return on their investment."...
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