A Picture Is Worth a Thousand Words
Posted by
Sun on
September 14, 2008
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Here’s where we are today: A look from the past three months
Oil price is falling
Gas price is coming down (the latest spike is due to hurricane Ike)
Gold is getting cheaper and cheaper
And U.S. dollar is getting stronger and stronger
Yet the stocks keep falling
All because we still have companies like Lehman Brothers (LEH), waiting to die or be rescued or be bought out.
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Categories :
Personal finance
Trackbacks & Pingbacks
- Pingback by Gold Saw Biggest Jump in History on September 17, 2008 @ 10:09 pm
- Pingback by Finance Fiesta No. 16 | Our Fourpence Worth on September 18, 2008 @ 9:03 am
In these troubled financial times it makes me happy to be working for ShoreBank, one that has had a solid business plan for the last 35 years, and is doing well. I think part of the reason for our success is that solid business plan, we do things like help entrepreneurs invest in their local community and create economic incentives for environmental conscience.
This is a very good representation, especially of the volatility shown by oil prices in the past. It just goes to show that oil was driven more by speculation than real demand because real demand cannot and has not changed in the range of 40% over just a few months.
this is why i am buying more index funds tomorrow.