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  • Why Lower Gasoline Prices Are Like A Tax Cut [View article]
    Why Lower Gasoline Prices are Like a Tax Cut

    Why Lower Housing Prices are Like a Tax Cut

    Why Lower Food Prices are Like a Tax Cut

    Why Lower Automobile Prices are Like a Tax Cut

    Why Lower Clothing Prices are Like a Tax Cut

    Why Lower Cable TV Prices are Like a Tax Cut

    Why Lower Smart Phone Prices are Like a Tax Cut

    Why Lower Stock Market Prices are Like a Tax Cut

    Seems to me that if the cost of anything (and everything) goes down that would be like a "tax cut" too. So if falling prices are so good for the consumer, then why has the Fed done everything it can to prevent falling prices? Who wouldn't want to pay less for gas, houses, cars, food, clothing, phones, and stocks?
    Dec 8, 2014. 04:55 PM | Likes Like |Link to Comment
  • Oil Price Slide - No Good Way Out [View article]
    The US needs to find a way to hold oil prices low through the "threat" of shale production, while actually buying OPEC over-production at low prices. Let them pump out their reserves first. Drain OPEC at $40 a barrel.
    Dec 8, 2014. 02:18 PM | 4 Likes Like |Link to Comment
  • The Greatest Crash In History Revisited [View article]
    Powerball. $100 gets you 50 tickets.
    Dec 5, 2014. 04:35 PM | Likes Like |Link to Comment
  • Are The Facts Reflecting An Improving Climate For Stocks? [View article]
    JASON - ha ha. I agree that you have to "see it" ,but the author's approach seems to be "This is what a chart looks like when A is happening, and this is today's chart". All I was saying is that the "undulation" in the 50DMA seen in Sept-Dec 2014 is similar to the undulation from Aug-Oct 2007. But you're right that other factors are much different.

    So how about today though? Strong through midday and then a steady roll off, followed by the 3:50 stick save of course. What's the "good news" on Monday to juice another 5-8 S&P points? What's the potential bad news this weekend - more poor retail sales?
    Dec 5, 2014. 04:27 PM | Likes Like |Link to Comment
  • Indicator That Precedes Almost Every Stock Market Correction Is Flashing A Warning Signal [View article]
    What if oil continues to drop at 1.5% or more a day as it did today? What if oil is in the high $50s this time next week?
    Dec 5, 2014. 04:22 PM | Likes Like |Link to Comment
  • Are The Facts Reflecting An Improving Climate For Stocks? [View article]
    if I cover the first chart after about mid October 2007, and only look at it up to that point it looks very similar to late 2014 chart.
    Dec 5, 2014. 01:19 PM | 3 Likes Like |Link to Comment
  • Uber raises $1.2B at $40B valuation [View news story]
    So the millions of cars no longer purchased by the millions of people who will "Uber" instead will not translate into job losses in the auto industry?

    Magic I guess.
    Dec 4, 2014. 02:25 PM | 1 Like Like |Link to Comment
  • Report: ECB prepping QE for January meeting [View news story]
    Of course! No actual QE today, but "there's a plan" in place for ..... Next Month! So the markets should rally until then in anticipation...

    Just keep believing that Draghi will do "whatever it takes" - someday.
    Dec 4, 2014. 01:30 PM | 1 Like Like |Link to Comment
  • Oil Drilling Slowdown: Texas Oil Drilling Permits Fall 50% In One Month [View article]
    I would hold back on trying to connect the dots too quickly on this. Sure, permits are down, but it's going to take a while for the supply of oil to match the slowing demand of a weak global economy. Oil is jumping around one to two percent or more a day right now and probably has another big drop ahead of it before stabilizing.
    Dec 3, 2014. 01:13 AM | 3 Likes Like |Link to Comment
  • Stocks rise as car sales, construction spending come in strong [View news story]
    "Now it will be interesting to see over the next 4 or 5 years if the QE unraveling process can be accomplished as deftly by the Fed as the buildup occurred?"

    I still think that the answer to the question "Is there such a thing as a free lunch" is "No". Therefore, it's unlikely that the unraveling of QE will not reveal the true cost of the supposed "recovery" the Fed has bought us.
    Dec 3, 2014. 01:08 AM | 1 Like Like |Link to Comment
  • General Motors November U.S. sales [View news story]
    I will never buy a GM product again, and actively seek to discourage others from buying GM products.
    Dec 2, 2014. 10:17 AM | 2 Likes Like |Link to Comment
  • The U.S. Economy Is In Goldilocks Mode. Wall Street Awaits The Santa Rally [View article]
    "Consumers are now paying much less for gasoline and hence leaving them with additional disposable income to spend in the holidays period."

    Retail spending over the Thanksgiving weekend was down 11% from last year despite gas prices being down over 20%. How do you explain this?
    Dec 2, 2014. 10:13 AM | 1 Like Like |Link to Comment
  • Cheaper Oil Is Great News [View article]
    From your article "Oil Prices Remain Firm" a little over three years ago:

    "If the price of crude oil tells us anything about the resilience and underlying strength of global demand, then it would appear that the global economy is doing just fine - no sign here of any collapse in demand. On the contrary, crude oil futures prices are up almost 30% since Oct. 4th, which also marked the year's low for equity prices."

    Oil now HAS dropped 30% or more. What does this say about the underlying strength of the global economy?
    Dec 1, 2014. 02:08 PM | 4 Likes Like |Link to Comment
  • The Oil-Drenched Black Swan, Part 1 [View article]
    The drop in oil is not a black swan. It has been slow and steady and should have caught nobody by surprise. What might be a real Black Swan is Russia's next move due to their collapsing currency and financial prospects.
    Dec 1, 2014. 10:44 AM | 1 Like Like |Link to Comment
  • The Early Read On 2014 Holiday Sales Does Not Look Promising [View article]
    I actually went to a major regional mall on Friday and noticed that A - it was not nearly as crowded as I had expected, and B - most people were NOT carrying bags, or were carrying one or two small ones at best. People had food court drinks in their hands and were window shopping, but there definitely was not an "urgent frenzy" to spend.

    Also, about three hours ago I got home from another "outdoor mall" - a newer and nicer development among wealthier neighborhoods - and that place was pretty much dead. Either people are shopping at another time and place or they are not shopping at all. We shall see.
    Nov 30, 2014. 08:09 PM | 1 Like Like |Link to Comment