shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 534
I am was not sure this was the correct forum, if not please forgive. My overall thought lately is how high can the price of oil go before the consumer is tapped out and the stock market adversly effected in a more serious way.
The phenom of high oil and gas prices at the conumer level is brand new starting to be really noticed in Jan/Feb time frame this year. That was the tail end of the heating season. Pain at the pump is all we hear and that all the consumer is dealing with at present. As we march toward fall and winter all of us will have to contend with the liklihood of $5 to $7 gallon gasoline and heating costs for our homes running 200% and greater for this coming winter.
I don't foresee a very good Christmas retail season, I see more companies than not who will see their profits decline. I think the market is going to continue to show a general decline until energy prices stabilize and better yet decline.
This seems to simple but the extradinary rise in oil prices seems to trump all other factors.
Given this, should any of us continue to keep any significant $ in equities at this time? I am not a market timer but at this present time the winds of resistance are blowing strong.
The phenom of high oil and gas prices at the conumer level is brand new starting to be really noticed in Jan/Feb time frame this year. That was the tail end of the heating season. Pain at the pump is all we hear and that all the consumer is dealing with at present. As we march toward fall and winter all of us will have to contend with the liklihood of $5 to $7 gallon gasoline and heating costs for our homes running 200% and greater for this coming winter.
I don't foresee a very good Christmas retail season, I see more companies than not who will see their profits decline. I think the market is going to continue to show a general decline until energy prices stabilize and better yet decline.
This seems to simple but the extradinary rise in oil prices seems to trump all other factors.
Given this, should any of us continue to keep any significant $ in equities at this time? I am not a market timer but at this present time the winds of resistance are blowing strong.