oil is getting toasted and roasted now. wholesale unleaded is $1.34 today, gas should be going below $2 soon at the pump.

Went to do a little X-mas shopping in 2 of the biggest malls here in Charlotte.....Empty I tell ya!....Every store with 40% and above sales, bursting at the seams with merchandise....Looking mighty woeful to me, roaring economy my ass...:pound:

i went to Costco today, there was a 20 minute line to check out. the gas was going for $2.25 a gallon for reg unleaded.

i live in Boston, the place is packed with people that are coming from all over the world. some come for the schools, others come for expensive surgery's and doctor's visits. i met a father and his son that came from the United Arab Emirate. his kid had a surgery to take a tumor out of his brain. the doctor's in the middle east wouldn't do the surgery. the Emerite government paid $1 million for this kids surgery. he has been in Boston now 2 months.

The US economy could be slowing (it is), or even headed into a recession (can't rule out - so late in cycle), and we could still have a great Christmas-selling season.

If oil falls another $10, Trump should ask the Saudis to CURB production, as we'll start to have a redo of 2014/15 (i.e., destruction of oil field srvs and energy-linked industrial jobs).

Powell press conf. still going and the market has swung 600 to the downside...

Keep talking Powell!!….:jump::jump:

Market disliked the Fed statement and hated Powell's answer about backing off reverse QE (i.e., balance sheet reductions). As noted a few weeks ago, Fed funds have increased approx. 550 bps on a QE-adjusted basis (using Atlanta Fed framework on the QE-adjusted metric) from the 2014 bottom. That's a decent-size move. We'll see.

S+P hit support and bounced off it, now going to crack the support again. 100 s+p point spread for the day so far.

this is a market and a half if you like action.

where's support in your estimation???

s+p 250 ETF

ty

it stayed inside the range, so now people have no clue which way to bet for tomorrow!

2 things really bother me about this market, the financials and the transports. i saw my Fedex driver today and he told me is a lot slower this year than last year. but that might have been because of Amazon Prime.

It has been in the 1.75 range here for weeks already.

it feels like they are giving the stuff away! its less than a gallon of milk!

FexdEx comments on Europe were horrible. Agree 100% on putrid financials performance.

Gas prices went down hard...right as the LAST recession started...how soon people forget history...:faint::eek: