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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,106.38
(
0.15%
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Post# of 79025
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smartone

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smartone

Re: Bollinger post# 2890

Wednesday, 09/07/2005 1:02:00 PM

Wednesday, September 07, 2005 1:02:00 PM

Post# of 79025
I think the markets are spinning the conventional wisdom that a natural disaster such as Hurricane is actually slightly expansionary for economy because of rebuiding and government spending ..
but the elephant in the room is gas prices - AAA said the AVERAGE price for gallon of gas in US is now $3.06 up 46 cents from last week! Economist currently think anything above 2.70 is going to be inflationary on US economy - this oil shock hasn't been acknowledged by the markets yet .. I just think once the markets wake up then we are heading down.
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