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10-03-2008, 05:22 AM
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#1
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,659
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Wacky fact of the day...
The price of a barrel of oil is now down 2.3% year-to-date.
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10-03-2008, 06:05 AM
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#2
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Another wacky fact.
Wacky sure is fun.
Gee look at Jan 01. Sort of like a Michael Jackson moonwalk.
__________________
The inmates have taken over the asylum. 
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10-03-2008, 07:17 AM
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#3
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Easy Goer
Join Date: May 2005
Location: Tampa,Florida
Posts: 3,440
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This subject aside; some of my favorite price point / corporate math are based on selective date selections and projections.
My brief stint in telecommunications always fascinated me when monthly sales numbers were discussed. We could rise 50% over last years time period and be called on the carpet because it didn’t meet “corporate projections”.
I understand from the markets perspective the role of the projection process, but to say…Wall Mart (pick a period / and these are made up #’s ) is “down” 2% when their real time profit is actually “up” 5% always seems to throw unnecessary fear toward Mr. & Mrs. front porch in terms of the economy.
What is our economy really based in…it boils down to word in my opinion…’confidence.
Crude seems to be a classic example; 2% degrease over one period…or a 400+% rise since 2002…All depends how many pacelines your programmer has chosen to go back.
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Dan G
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“We don't stop playing because we grow old; we grow old because we stop playing.” ~ George Bernard Shaw
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10-03-2008, 07:34 AM
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#4
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,889
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Thanks for the chart, hcap. The price remained below the peak of the Clinton years until late in 2006. It then rose steadily throughout 07 and dropped steadily throughout 08. Interesting, the climb coincides with the takeover of the congress by dems. Took a year for repubs to get things back in control.
Great info....thanks again. 
__________________
Who does the Racing Form Detective like in this one?
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10-03-2008, 08:01 AM
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#5
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Registered User
Join Date: Aug 2001
Location: Lehigh Valley, PA.
Posts: 7,464
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GAS PRICES
Quote:
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Originally Posted by PaceAdvantage
The price of a barrel of oil is now down 2.3% year-to-date.
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Given this fact, it seems like gas should be down below $3.00, but is around $3.40 here in PA.
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10-03-2008, 08:14 AM
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#6
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Registered User
Join Date: Jul 2007
Location: MILWAUKEE
Posts: 5,285
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hEY hCAP
Futures and stocks always got lost with me. however, does any of your charts show how long after a drop before gas prices drop? Or is there any relatioonship?
thanks
husker55
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10-03-2008, 08:47 AM
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#7
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Economy loses more-than-expected 159,000 jobs in September.
There you go...P.A....now it's becoming more politically ""correct'" to post some #'s closer to REALTY!
ie...as stated previously...when company's cut salary's/hrs. by 20% or more...yet haven't quite pulled the trigger on firing's...
it's the same difference as firing 20 people of 100 OUTRIGHT...
been going on for month's...but un-employment is ONLY 6%...yeah right...yet another way RECESSION figure's have BEEN HIDDEN the last year!
and that's a wacky FACT!
ps...they'll be firing those 20 people +++more job/hour cuts here directly...  
Last edited by sammy the sage; 10-03-2008 at 08:50 AM.
Reason: spelling
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10-03-2008, 09:10 AM
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#8
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Veteran
Join Date: Oct 2006
Posts: 1,049
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Quote:
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Originally Posted by HUSKER55
Futures and stocks always got lost with me. however, does any of your charts show how long after a drop before gas prices drop? Or is there any relatioonship?
thanks
husker55
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"any relationship"?..... ya-betcha
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10-03-2008, 10:05 AM
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#9
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
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Originally Posted by PaceAdvantage
The price of a barrel of oil is now down 2.3% year-to-date.
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It's an election year, what did you expect?
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10-03-2008, 11:49 AM
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#10
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
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Originally Posted by barn32
It's an election year, what did you expect?
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It might be a pretty good idea, then, to have elections every year!
Boxcar
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Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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10-03-2008, 12:35 PM
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#12
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Registered User
Join Date: Oct 2002
Posts: 4,156
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Quote:
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Originally Posted by ceejay
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Ah, a breath of sanity.
thx ceejay
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10-03-2008, 02:02 PM
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#13
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
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Originally Posted by boxcar
It might be a pretty good idea, then, to have elections every year!
Boxcar
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Two years ago gas was $1.99. I told everyone that as soon as this election is over gas is going to go up .10 cents. The day after the election gas went up to $2.09. It's been going up ever since.
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10-03-2008, 10:26 PM
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#14
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,659
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Another fun fact:
The stock market (post 9/11 and post Clinton bubble burst) nearly DOUBLED under GWB....of course that doubling is now correcting itself a tad, as all markets do...
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10-04-2008, 05:35 AM
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#15
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Registered User
Join Date: Nov 2002
Posts: 30,398
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Under Clinton it went from under 4,000 to over 10,000.
More than doubled. How come it didn't correct itself then??
Waited till AFTER bush. And still did not fall as much.
__________________
The inmates have taken over the asylum.
Last edited by hcap; 10-04-2008 at 05:37 AM.
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