How low can it go

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Guinevere
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Re: How low can it go

Post by Guinevere »

And the market dropped, what, 300+ points today on the reduced earnings and other potential "corrections."
“I ask no favor for my sex. All I ask of our brethren is that they take their feet off our necks.” ~ Ruth Bader Ginsburg, paraphrasing Sarah Moore Grimké
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Lord Jim
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Re: How low can it go

Post by Lord Jim »

Yes, but it also rose to over 18,000 for the first time near the end of last year, even while the price of a barrel of oil had dropped from $120 to $55...I don't think there's much evidence that lower oil prices are adversely affecting the financial markets...

I think what we saw today was what's commonly referred to as "profit taking"...

300 points with a DOW in the 18,000 range doesn't mean much...That's a loss that can be reversed in one or two sessions...
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Guinevere
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Re: How low can it go

Post by Guinevere »

Just you wait, 'Enry 'Iggins ... a correction is coming ....
“I ask no favor for my sex. All I ask of our brethren is that they take their feet off our necks.” ~ Ruth Bader Ginsburg, paraphrasing Sarah Moore Grimké
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Gob
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Re: How low can it go

Post by Gob »

The price of Brent crude oil has fallen below $50 a barrel for the first time since May 2009.

It fell more than a dollar to $49.92 a barrel in early trading on Wednesday before edging back above the $50 mark.

Slowing global growth and increased supply of oil and gas have pushed prices sharply lower in recent weeks.

The price of oil traded in the United States, known as West Texas Intermediate crude, has already fallen below $50.

Many observers expect the price of oil to fall further as North American shale producers continue to supply increasing quantities of oil and gas, and the oil-producing group Opec resists calls for cuts in production to support prices.

"With no sign that Opec will do anything about over-production, it seems likely that we could well see further declines towards $40 in the coming weeks," said CMC Markets analyst Michael Hewson.
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
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Lord Jim
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Re: How low can it go

Post by Lord Jim »

DOW closed up 212 today...
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TPFKA@W
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Re: How low can it go

Post by TPFKA@W »

It is record setting cold here, and it snowed so gas shot up from about $1.70 to $2.15. Bastards.
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wesw
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Re: How low can it go

Post by wesw »

2.34 here today
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Sue U
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Re: How low can it go

Post by Sue U »

$2.03 here. Haven't seen it under 2 bucks yet, but maybe by next week.
GAH!
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Guinevere
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Re: How low can it go

Post by Guinevere »

'Twas $1.99 in Roslindale the other day (cash only of course, but they pump it for you). I paid $2.23 on the way home tonight and was grateful I could stay in my warm car.

http://www.bostonglobe.com/business/201 ... story.html
“I ask no favor for my sex. All I ask of our brethren is that they take their feet off our necks.” ~ Ruth Bader Ginsburg, paraphrasing Sarah Moore Grimké
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Sue U
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Re: How low can it go

Post by Sue U »

Of course, here in Jersey we never pump our own gas (it's illegal, don'cha know). Which is just fine with me.
GAH!
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Gob
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Re: How low can it go

Post by Gob »

I always pump gas....






I'm not so bad since I quit being a vege....
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
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Lord Jim
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Re: How low can it go

Post by Lord Jim »

Well Strop, at least you didn't go for the old "pump Ethel" joke... 8-)
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wesw
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Re: How low can it go

Post by wesw »

we usually pump about 15 % corn out our nozzles
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oldr_n_wsr
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Re: How low can it go

Post by oldr_n_wsr »

Sue U wrote:$2.03 here. Haven't seen it under 2 bucks yet, but maybe by next week.
You people in NJ always pay about $0.50 less than us here on LI. :evil:
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Lord Jim
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Re: How low can it go

Post by Lord Jim »

You people in NJ always pay about $0.50 less than us here on LI. :evil:
Oh cry me a fuckin' river... :mrgreen:

You people back East have consistently paid between seventy-five cents and a dollar a gallon less than we do out here...
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oldr_n_wsr
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Re: How low can it go

Post by oldr_n_wsr »

Lord Jim wrote:
You people in NJ always pay about $0.50 less than us here on LI. :evil:
Oh cry me a fuckin' river... :mrgreen:

You people back East have consistently paid between seventy-five cents and a dollar a gallon less than we do out here...
That's why we call it the "wrong" coast. :nana
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wesw
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Re: How low can it go

Post by wesw »

13 degrees here. olders tears are freezing on his face.....
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Guinevere
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Re: How low can it go

Post by Guinevere »

Lord Jim wrote:
You people in NJ always pay about $0.50 less than us here on LI. :evil:
Oh cry me a fuckin' river... :mrgreen:

You people back East have consistently paid between seventy-five cents and a dollar a gallon less than we do out here...
That's to compensate us for the fact that it was -4 air temp/-23 wind chill when I woke up this morning. Where is the "shiver" smiley???
“I ask no favor for my sex. All I ask of our brethren is that they take their feet off our necks.” ~ Ruth Bader Ginsburg, paraphrasing Sarah Moore Grimké
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Lord Jim
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Re: How low can it go

Post by Lord Jim »

53 here today at the moment...

Expected to hit 65...Hit 70 yesterday...
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Guinevere
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Re: How low can it go

Post by Guinevere »

I rest my case.
“I ask no favor for my sex. All I ask of our brethren is that they take their feet off our necks.” ~ Ruth Bader Ginsburg, paraphrasing Sarah Moore Grimké
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