Replies to post #276843 on $Stock*Shop*Charts*News*Option$

[Stock Lobster]

Gm Xanadu! Also BMW down and many others (I posted some yesterday).

Yes, I had thought that Euro over $1.50 for any sustained period of time would begin to hurt...$1.60 euro was the very top, pushing even my estimate.

Now Italy and France are going to join forces to try and influece the ECB's interest rate policies. It's the latins against the Germans and the hawkish Bundesbank.

Lets see how successful this is.

Berlusconi has been quoted as saying that abandoning the Lira and joining the EMU was one of the worst decisions he made, one he wouldn't repeat.

Is this the test for the Eurozone I've been waiting for? Seems likely.

Oil at $125/barrel, gas at record prices, is straining the economic models of many countries around the globe. One can no longer to 'business as usual' in the face of news of airlines dropping like fruitflies, and middle class homeowners being forced to public assistance for food.

What comes next? I think I have an idea, and it usually involves guns.

Lets see.

[Mt. Blanc]

You can't blame those losses on the Euro. Those are huge losses having to do with less business. The Euro has only recently seen a small decline of a few % points, not enough to knock company income.

Blaming higher costs is a factor for all companies so it should affect all of them this year but even then they should not attribute their lower income to just that. jmho

mb