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Old 12-18-2018, 04:04 PM   #721
lamboguy
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oil is getting toasted and roasted now. wholesale unleaded is $1.34 today, gas should be going below $2 soon at the pump.
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Old 12-18-2018, 05:56 PM   #722
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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...
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Old 12-18-2018, 06:33 PM   #723
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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.
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Old 12-19-2018, 08:25 AM   #724
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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).
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Old 12-19-2018, 03:12 PM   #725
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Powell press conf. still going and the market has swung 600 to the downside...

Keep talking Powell!!….
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Old 12-19-2018, 03:14 PM   #726
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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.
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Old 12-19-2018, 03:20 PM   #727
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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.
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Old 12-19-2018, 03:26 PM   #728
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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???
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Old 12-19-2018, 04:00 PM   #729
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s+p 250 ETF
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Old 12-19-2018, 04:05 PM   #730
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s+p 250 ETF
ty
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Old 12-19-2018, 04:10 PM   #731
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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.
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Old 12-19-2018, 04:12 PM   #732
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oil is getting toasted and roasted now. wholesale unleaded is $1.34 today, gas should be going below $2 soon at the pump.
It has been in the 1.75 range here for weeks already.
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Old 12-19-2018, 04:23 PM   #733
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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!
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Old 12-19-2018, 05:09 PM   #734
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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.
FexdEx comments on Europe were horrible. Agree 100% on putrid financials performance.
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Old 12-19-2018, 06:34 PM   #735
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it feels like they are giving the stuff away! its less than a gallon of milk!
Gas prices went down hard...right as the LAST recession started...how soon people forget history...
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