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Post# of 704041
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Joe Stocks

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Joe Stocks

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Re: gottfried post# 310695

Sunday, 10/17/2004 10:43:04 AM

Sunday, October 17, 2004 10:43:04 AM

Post# of 704041
What happens if oil does drop? Do the transports even go higher? It will be interesting to compare crude and the transports 6 months form now to see how they resolve this. I saw today that the airlines are losing $1 billion a MONTH on these higher oil prices. It's amazing that the transports index implies that these losses can not only be absorbed but somehow there is a silver lining in all this for them.

Joe

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