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NSurf9 Account Talk
- Thread starter nsurf9
- Start date
Corepuncher
Well-known member
Apple better beat their earnings estimate or tech is gonna suffer more.
Rah Rah Bank of America and Wachovia!
nsurf9
Member
I'm awake! CP, I'm with Birch on the "lot of money on the sidelines." And right now, the only game that has any jackpot money readily available seems to be equities - although bonds would be a good bet for a quick IFT - if I had one.
Still, I like the uptick Friday afternoon, especially the I, and the quick large purchases there giving support. The pressure is on for a interest hike, if the market improves. But that will mean oil is likely down - which means that some of the inflation pressure will have dissipated.
OH YEA, HURRICAN(S) APPROACHING !!!
Still, I like the uptick Friday afternoon, especially the I, and the quick large purchases there giving support. The pressure is on for a interest hike, if the market improves. But that will mean oil is likely down - which means that some of the inflation pressure will have dissipated.
OH YEA, HURRICAN(S) APPROACHING !!!
luv2read
Active member
Don't forget that the USA is an oil EXPORTER as well as importer. What we don't need at the moment, the oil companies export to wherever they can get the biggest profit. They're not going to shut off the taps or keep it in holding tanks waiting for demand to increase when they can sell it elsewhere; and they're not going to refine it into gasoline for which there's no demand. US demand is down so they simply sell the suplus overseas to the countries with demand...India, etc. That depletes the domestic supply. Oil companies and the financials shot themselves in the foot by speculating to drive up prices during the last year of this Administration; it stimulated conservation which in turn is reducing demand and bringing the price down. For the first time since deregulation the consumer is in control of the price of oil - until OPEC decides it's dropped enough and cuts production. That's not far off. I wish it wasn't so, but they DID increase production to take advantage of the higher prices - which didn't affect the price BTW, so it's just a matter of time before they cut back with the price down.
nsurf9
Member
While the Rally Monkey is in the bathroom, the below is a good read.
Basically, the upside looks stochastically better than the down. My question is now that we know that mortgage machine is broken and the housing market was dead in the water and now coughing and sputtering, after its been looked at, can it be fixed. One thing is clear - it will eventually. As for oil, if you have a lot less customers, you can't sell as much oil. And, make no mistake - at least the Saudi's hear buyers are starting the ground a-shaking.
http://www.marketwatch.com/news/sto...x?guid={CAF93DCF-382F-41C5-9549-DAD9F36CEA7E}
Basically, the upside looks stochastically better than the down. My question is now that we know that mortgage machine is broken and the housing market was dead in the water and now coughing and sputtering, after its been looked at, can it be fixed. One thing is clear - it will eventually. As for oil, if you have a lot less customers, you can't sell as much oil. And, make no mistake - at least the Saudi's hear buyers are starting the ground a-shaking.
http://www.marketwatch.com/news/sto...x?guid={CAF93DCF-382F-41C5-9549-DAD9F36CEA7E}
luv2read
Active member
Yet another reason for the drop in the price of oil - until the Olympics are over, China cuts consumption of fossil fuels:
Car restrictions begin in Beijing
Beijing's authorities have introduced drastic traffic rules in a bid to remove more than one million cars from the streets ahead of the Olympic Games.
The move, part of the fight against the Chinese capital's infamous pollution and congestion, restricts residents to using their cars on alternate days.
Officials hope about half of the city's estimated 3,300,000 cars will be forced from the road over the next two months.
A slew of measures to boost air quality has been implemented for the Games.
Construction workers have been ordered to down tools and high-polluting industries are cutting production.
The authorities have ordered firms, shops and other organisations to stagger work times to cut traffic volumes.
They are also encouraging as many people as possible to work from home.
The city's public transport system has been improved to cater for millions of Beijingers forced to ditch their cars.
Surveillance system
The new car restriction, brought in from Sunday, is enforced using the driver's registration number.
Odd-numbered registrations are allowed to use their cars one day, even-numbered the next.
More than 10,000 detection devices including cameras and "ultrasonic and microwave" scanners have been installed to catch anyone breaking the rules.
Drivers caught by the surveillance network will be fined 100 yuan ($15; £7.50).
The move reflects the importance officials are placing on combating air pollution - which remains a pressing problem just weeks before the start of the Games on 8 August. The International Olympic Committee has said it could postpone endurance events of more than one hour on days when the pollution is too bad. Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/asia-pacific/7515907.stm
Published: 2008/07/20 05:22:53 GMT
© BBC MMVIII
luv2read
Active member
That's what the USA imports every day from OPEC. Now if every major US city took half the cars off the streets for just 2 months think what the effect would be.
Reason enough for the goverment to get on the ball with teleworking?
Reason enough for the goverment to get on the ball with teleworking?[/quote]
That would make too much common sense for the government - plus they feel a need to control and account for every last one of us, their worker bees. But maybe, just maybe, if the cost of gas keeps going up, they will start looking at teleworking more seriously. One can only hope so.
That would make too much common sense for the government - plus they feel a need to control and account for every last one of us, their worker bees. But maybe, just maybe, if the cost of gas keeps going up, they will start looking at teleworking more seriously. One can only hope so.
Steadygain
TSP Elite
7 out of every 10 barrels of OIL is imported !
Tell ya what Precious, an even better idea is the US requiring all cars and SUVs to get 25 - 30 MPG minimum.
As Buster would say I "guar ran damn tee" you the Automobile Industry could make that happen. So here I would put the focus on the US - mainly in the sense of holding the Auto Industry responsible.
BTW - can I be your VP?
luv2read
Active member
I like the idea of even-number ending and odd-number ending plates driving on alternate days. That way everyone can either telecommute, carpool or ride public transportation at least once a week. Just shows you what a government can do if it puts its thinking cap on. Western states have had water rationing schedules for years (can wash cars and water lawns only on certain days), so it CAN be done in the USA.
Birch, the idea is to get OFF dependency on fossil fuels, especially imports - that's the issue, not whether or not you can afford to drive the car. If we can reduce pollution at the same time, GREAT! The goal of the Chinese is to reduce air pollution during the Olympics, they're not trying to conserve - it's a side effect of that effort. Hopefully they will see the benefits and continue it, even if it's on a smaller scale reducing imports is GOOD.
Yes I need my cellphone. My commute is 62 miles one-way and 15 miles of that is through uninhabited no-man's land. The Interstate call-boxes have all been disabled for the last 3 years. These days, people are too scared to stop to help a "breakdown", especially on that stretch of road.
Birch, the idea is to get OFF dependency on fossil fuels, especially imports - that's the issue, not whether or not you can afford to drive the car. If we can reduce pollution at the same time, GREAT! The goal of the Chinese is to reduce air pollution during the Olympics, they're not trying to conserve - it's a side effect of that effort. Hopefully they will see the benefits and continue it, even if it's on a smaller scale reducing imports is GOOD.
Yes I need my cellphone. My commute is 62 miles one-way and 15 miles of that is through uninhabited no-man's land. The Interstate call-boxes have all been disabled for the last 3 years. These days, people are too scared to stop to help a "breakdown", especially on that stretch of road.
alevin
Well-known member
Birch gets my full and unreserved "Amen, Brother" to that one.
I don't want to ever see those days again.
Wish I could afford such luxuries.
luv2read
Active member
For some of us with "thumbs on" managers, it's the only way we'll ever get to telecommute. BAH!
Steadygain
TSP Elite
NSurf9 - please forgive me - but this is a very rare opportunity.
Birch - that sounds like a quote from McCain and that's exactly how this present Administration has been dealing with the issue.
Little do you millionare guys realize how the rest of the world lives. The general consumer has a very hard time affording the gas required to maintain their jobs (let alone the incredible rise in commodities due to high oil). sniff sniff
It is this calloused disregard for the masses that makes this upcomming election so promising. We know we can change and change for the better - so we live more responsibly - because there is absolutely no reason why anyone should live their lives irresponsibly by foolishly dumping our precious and vital resources down the drain. We CAN NOT CONTINUE WITH THIS MC CAIN type of attitude. Join the rest of us Birch and let's all work together to live responsibly and for the better of our Mother Earth.
OK - thanks - I'll get off my soapbox
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