$105 oil

[Arminius]

Well, there at least one good thing about increased gas prices. Teen deaths drop.

FOXNews.com - Study: Gas Prices Go Up; Auto Deaths Go Down - Science News | Science & Technology | Technology News

[ebacherville]

oil's plumeting along with the rest of the stock market on Bernakies news this morning.. like i said the death throws of the economy..

Oils at $136 now..

[ebacherville]

now its up to $138

Death throws..

[dremd]

Originally Posted by ebacherville

oil's plumeting along with the rest of the stock market on Bernakies news this morning.. like i said the death throws of the economy..

Oils at $136 now..

Hate to ask; but what's your source Bloomberg Bloomberg.com: Energy Prices says 141.xx

[ebacherville]

watching it live from the markets.. on cnbc.. right now $137

[ebacherville]

just dropped to $136 again


gold copper and silver are all down too.. almost every thing is dropping..

[jamesqf]

Originally Posted by ebacherville

oil's plumeting...

I don't think you can call a drop of a few dollars "plummeting" :-)

[Peakster]

The markets in general are losing big time. Even the people I work with (at a bank) are stirring up commotion about falling company stock. Good thing I didn't opt for the share-purchase plan.

The only thing that seems to be doing well is the price of oil and gold. Now if only I knew how to buy some .

[Arminius]

Yeah, but now things are on sale, so it's good to think about the future time to buy. Obviously things will get a little (lot?) worse, but for a young person (with a lava lamp on a timer) it's a future opportunity. If you're not investment savvy, you should hook up with someone who is. Save up your pennies for a future investment.

[jamesqf]

Originally Posted by Arminius

Yeah, but now things are on sale, so it's good to think about the future time to buy.

Oh, yes. I remember the stock market crash back in 1987 or so. Recently out of college, and with a decent job (after years of being a starving student) finally had some savings in the bank. In the weeks after the crash, I invested most of it. Within a couple of years the market bounced back, and I made enough profit to put a good downpayment on my first house.

Remember the basic market advice: buy low, sell high. Too many people seem to do just the opposite. They buy when things are popular & prices are going up, then sell when they fall.