bacon, ah yes, the lying cheating and stealing in Washington. And it only comes to light once the money spigot is turned off. That's one reason why the continual demand of more taxation. Just like any company we as investors look hard at the money flow. Once it slows or stops we sell, right?
syz, aside from your excellent point I'd tell you to just focus on the rails for the transportation side of that equation. After working there for so long I can tell you that alone is a great indicator of future events. Once I see some conformation with it I usually go looking for 'laggard ' stocks to take advantage of.
Mark, one vague thing I seem to be remembering----UNP, it seems to have found a bottom. Now, I kinda thought that bottom was in at around the 88 to 92 area. Then it dropped again all the way to 69-70ish. Now this latest bounce up of 7 points might just be it playing out what it did once it hit the mid 80's and then bounced up. Here's the deal, UNP has been in the past a signal for me once itt starts to rise again that the rest of the market is about to follow. I'm talking about a 6 month precursor or so. China next week? Crud, I picked the Panthers, but I'd guess it'll be good.
I know many of us think some of these prices are insane. Thing is, until we reach the sell off prices of 09 I think we have to reason they'll fall further. There is little reason to argue that the whole market can't act as a single stock in relation to its charting. Micro or macro, the same reason and logic applies.
Since so many enjoyed the last article---here's a new one put out by Adam Aloisi on the 8th. It concerns strategy for the retired div investor in todays market. Titled; Should the Retired div investor really be building cash.
clrodrick, well, down, is down. Buying on mere price point alone I'm sure will win out in the end. I do think the general market is headed lower and will shave more off the price of all stocks. I'm not totally out. And I do have some cash waiting for some more downside.
Meant the S&P on those numbers. With instability the market will only continue to go down. I use the railroad as an example in conjunction with oil as a benchmark for the market. Right now even with extremely low fuel costs the rails are getting killed. The " It can't get any worse" buying attitude only leads to more loses. I think we all can agree there is no way that the price of oil can stay this low while the rails make big profit off it if they start to improve. Rails are the circulatory system of the country. Oil you might say is the 'blood'. No matter how this all shakes out it'll take at least two quarters of sustained growth to get the real money back in the market. Even if oil were to shoot back up to 60 or 70 bucks, how's that help your grocery bill? Your utility bills? Your other expenses?
Mark, up to now I haven't agreed totally with you. I still am just a 'smidge' positive. But history repeats. It always does. This whole mess doesn't start getting fixed until a new party is in the WH.
Kee, the railroads are sucking wind. If it wasn't for the cheaper fuel costs they'd be off another 10 to 20% in price. People will quote numbers but the real story is what you and I actually see. I will point out one of my pet peeves. Education. What I see happening in our elementary schools is a program only interested in weeding out only the top 10%. Really I do. Class material is thrown at the kids so fast that only the best students are actually getting an education. And, it shows on the outside in our jobs market where only about 10% of the jobs really pays well. Call it what you will, but until we bring back wood shop and metal shop, Auto shop and many of the other 'hands on' training our base in this country is failing. How good was the carpenter you last had at the house? The mechanic for your car? As it sits now, we're headed for having the healthiest population on an I-phone.
Can't help but see it . I think this whole " Hope and Change' movement is finally rearing its head. We've seen the way oil concerns have cornered the market for the most part. ( except the last few years when shale came along). The across the board consolidation of one industry after another kills competition and the ability of people exiting college to expand the economy with their ideas and abilities as even banks are so together loans are hard to come by. ( except when buying a car). I see Obamacare as doing nothing to further an individual to manage their own affairs and further consolidating the health sectors ability to have us all paying the same price at the pump for a gallon of gas. Am I alone on this?