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What is going on with the market?

Discussion in 'BBS Hangout: Debate & Discussion' started by glynch, Jan 15, 2008.

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  1. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    yeah i remember the discussion and it proved my point that declining dollar props up oil prices. it showed for like a 3 month period oil priced in dollars was 7% higher than if it were priced in an average of euros, yen, and canadian dollars. get over yourself and realize you were wrong and the link you posted only proved you wrong.
     
  2. bigtexxx

    bigtexxx Contributing Member

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    Nope. You didn't understand the point. It went right over your head. The dollar only accounted for a small piece of the oil price increase.
     
  3. bigtexxx

    bigtexxx Contributing Member

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    Looks like the Dow and Nasdaq are bouncing back now. Dow is down 1.8% (218 points) and the Nasdaq is down 2.5%. Nothing like what was seen in Asia or Europe yesterday. If congress can put together a decent stimulus package, I think we'll be good to go. I'm about to move a lot of my portfolio back into stocks
     
  4. Dubious

    Dubious Contributing Member

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    I'm sitting here filling out my Enron litigation forms having March of 2000 flash backs.

    It ain't that but it is a strange day for me.



    Robbie,

    What do you think the move will be when the program trades kick in this afternoon?
     
  5. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    no clue on the afternoon trading yet. seems like we should get some profit taking from here.
     
  6. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    7% over other currencies in 3 months is small?
     
  7. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    i agree. things just aren't that bad. companies reporting today haven't seen all the recessionary problems that the street is worried about. i added in to my KBR in my personal account near the open. so many insane opens today. people just panicked. i am up a lot but man there was sooooo much opportunity it was sick.
     
  8. No Worries

    No Worries Contributing Member

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    Another fact free post.

    Recession started after Bush took office. Bush spent the first 4 weeks in office bad mouthing the economy to get his tax cuts passed. And you blame Clinton. Go figure.

    The extreme rate cutting was in response to 911. Historical. Fact.
     
  9. bigtexxx

    bigtexxx Contributing Member

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    LOL a little slow this morning, No Worries? As KingCheetah pointed out, are you sure you can blame someone who inherits a recession? Put your thinking cap on, young man
     
  10. No Worries

    No Worries Contributing Member

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    Keep your head buried in the sand, foolish man.
     
  11. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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  12. insane man

    insane man Member

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    rate cut was due to 9/11 as was said. what other lies do you want to come up with today?
     
  13. bigtexxx

    bigtexxx Contributing Member

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    we were falling way before 9/11. Were you an adult when this happened?
     
  14. rhadamanthus

    rhadamanthus Contributing Member

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    Bigtexxx makes an economic fool of himself again. I love these threads.

    I'm in the same boat as weslinder by the way. I work with people who do nothing but study oil economics all day.
     
  15. bigtexxx

    bigtexxx Contributing Member

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    Do you bring them coffee along with their newspaper in the morning? I think you might work in my office. I'm going to run down to your desk right now and check for cf.net!
     
  16. rhadamanthus

    rhadamanthus Contributing Member

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    Nice. You get made the fool and your response is twofold:

    1) "Look for my previous smart posts" (which have been debunked already)

    and

    2) insults


    Makes you look sharp.
     
  17. bigtexxx

    bigtexxx Contributing Member

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    Which part of my previous analysis was proven wrong? Robbie and I agree, but to varying degrees.

    By the way - my biggest investments are up today. How are yours doing, my friend? BWAAAHAHAHAHAHAHA
     
  18. danny317

    danny317 Member

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    please say it...

    (im referring to the "BRAH" that texx loves to throw in at the end of his posts when he realizes that his points of argument have been debunked and he has nothing intelligent to add to the conversation so he resorts to name calling)
     
  19. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    is 7% in 3 months insignificant? i don't think it is. also, i am only using that time period because that is what you are using as your proof that oil prices aren't really effected by the dollar.

    and don't talk about money cause it is no contest today ;)
     
  20. DonkeyMagic

    DonkeyMagic Contributing Member
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    yeah, what a jerk! He totally stole your debating strategy !


    :D
     

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