Discuss Market Comments 06/27/11

Holiday relief rally coming? - Last week was a rollercoaster for the stock market as we saw two reversal days in a row - going in opposite directions. The early weekly gains were given back after the FOMC meeting on Thursday. The Dow lost 115-points on Friday, and about 70-points for the week....

Current Daily Market Commentary

Market Commentary for 6/27/11

 

[Guest]

In your article, you stated "Have you noticed that the price of oil has been dropping for the last several weeks? This could be a bad economic sign, but it also will put some cash back in consumers' pockets as the price of gas will fall in unison, which is obviously positive. There is a lag period between oil and gas prices so we can look forward to continued declines for a few more weeks". It seems to me the "lag" is only on the way down, not when oil prices are on the way up. Have you noticed this and, if so why is that? Gouging? Racketeering? Big oil is evil?

 

[tsptalk]

I actually notice it on the up and down side, but I'm sure there are some companies who take advantage of it.