Dow hits a new low While Crude Closes Over $55 For 1st Time:

[Jon8503]

Blue-chip index at fresh low for 2004 as crude crests above $55.
Michael Sheldon: Investors fret

Energy records
Oil, heating fuel hit at all-time highs, natural gas up 21 percent on week.

Tax bill signed
Plenty of corporate breaks OK'd, as well as buyout for tobacco growers.

But the Bush team along with Greenspan says the economy is moving ahead and getting better.

[Bluebear]

1. We're turning the corner!!!! nt

[Jon8503]

2. Hey plastic the penquins is one of my favorite, how do I get that.

would like to send it to someone.

Thanks.

[Bluebear]

7. Right click and save it, it's yours!

[GP6971]

4. You gotta

admit that it's one hell of a corner !

[Fluffdaddy]

3. MY 401 K is looking bad................Thanks Bush

[cyr330]

5. Good

My 401K has hit the skids, and gas here is over $2.50 a gallon. I'm perfectly happy to take a huge financial hit to get rid of that fuck who calls himself "president."

[Fluffdaddy]

6. Word to your mother

Ditto

[Supersedeas]

8. and we are just turning the corner

[donkeyotay]

9. A four year soft patch

Greenspan said not to worry, though. A bunch of stupid, poor people - you know, renters, people with student loans - losers like that might go tits up, but who cares about them?

[RedEarth]

10. look out....it's a U-Turn....

[librechik]

11. Vote Bush!!

har

[j_carters_neighbor]

12. The rest of us get screwed Bush gets richer

Who would have guessed?

[kurt_cagle]

13. Dollar going belly up too ...

1 Euro = $1.27 (Lowest dollar's been since October 2003)
$1 = 107.27 Yen (It's dropped three yen in the last week, and is near low of 104.5)
1 oz. Gold = $425.65 (Highest since October 2003)

All of these are trading slightly outside of the "band" that they have been trading in for the last nine months. In other words, it looks like the economy is breaking for the worse just in time for the 2004 election. Oh, and sunspot activity has all but stopped, which is both a sign of "solar minimum" and a very good indicator that winters will likely be very much colder than predicted in the Northeast and Midwest this year, just in time for a natural gas and oil shortage.

Traders are not in the market right now, which is why I don't see it as being terribly indicative of much of anything. What little I am hearing from the trading desks is that the lack of volume right now (and the downward trend) is due to people keeping their money out of the market until the elections are past, and that Kerry is privately being conceded to have won the election, which increases uncertainty. If Bush was the odds on favorite to win, the stock market would probably be shrugging off the election at this point.

[spanone]

14. It's all Clinton's fault. God I hate the GOP.