ETF SWING & DAY TRADING

[smartone]

this week..

well wall street logic will say that Hurricanes are not so bad for economy..
remember that before 911 we were in a recession and 911 brought a ton of governmental spending which was huge stimulus for economy then of course that lead to iraq war - once again a huge government stimulus --

in addition i bet that next greenspan rate hike is now on hold .. so that is also a plus for equities.


on the downside .. i went to beach on long island for holiday weekend and was paying 3.89 a gallon for premium gas!! I ask the gas attendant if prices were going down soon , he said yeah right after holiday .. by 10 to 15 cents which still leaves gas at eye popping 3.75 a gallon.. if gas price don't retreat soon then we are looking at recession number two for bush administration.