SPDR S&P 500 (SPY): Imo the price of gas plus the continuing...

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Re: Footquarters post# 51130

Saturday, 05/31/2008 6:57:28 AM

Saturday, May 31, 2008 6:57:28 AM

Imo the price of gas plus the continuing subprime mess is already dampening consumers enthusiasm.
I've heard stories about sales of small cars soaring, resale prices of suv's tanking and many people stayed home rather than travel over memorial day.
This has to carry over into retail stores, though I'd suspect Wal Mart may actually benefit. I'm extremely marketing/impulse resistant but always find there is something in there thats such a bargain and I already needed it that one purchase turns into two.

Btw, real estate is still being croaked here on Cape Cod. The only stuff holding up is on water.

You CAN time the market!

But only after you trash the big 3 myths.

Myth 1 - its possible to get every point of every move
...Myth 2 - you'll never have a drawdown
......Myth 3 - you'll never have a loss

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