Gas prices dip to under $2 a gallon

[Mr. Big Dog 10,747]

I'm so dead, the guy that played me on the big screen is dead.

.................... too far?

[OriZ 3,157]

Exactly what I thought.

And what is it you thought? That there's place for personal stuff here?

Like I said, don't worry about me. My doublings have never been done in a year's time. More like sometimes triple, quadruple or more in a day's time. But I'm not trying to brag. You're the one dragging me into this.

[Karee 4,189]

And what is it you thought? That there's place for personal stuff here?

Like I said, don't worry about me. My doublings have never been done in a year's time. More like sometimes triple, quadruple or more in a day's time. But I'm not trying to brag. You're the one dragging me into this.

You should take some of your millions and have someone post on VJ for you. It seems you can afford to pay someone to do a better job.

[OriZ 3,157]

(sic)

If you ever ran a business or worked in a bellwether industry, you couldn't help but notice how even the President's bowel movements affect how customers behave.

My wife and I own our own business, which btw we opened with money I made in the market during the crash of 08 while other stubborn people lost theirs - I can guarantee you the president's bowel movements have absolutely nothing to do with the economy.

You should take some of your millions and have someone post on VJ for you. It seems you can afford to pay someone to do a better job.

Now what fun would that be???

[OriZ 3,157]

Fair enough, and I don't pretend to know anything about the market nor where it will head, except what I see, and what I see seems to be a slow trend upwards. And if you were wrong about the late 2014/early 2015 decline, I won't hold it against you, I just said I don't see it happening. I hope you are wrong, for all of our sakes. If things DO get worse than 2008 was (as you postulated it will), I think it will set the middle class back so far it may be hard for most to recover in this lifetime. Land values tanked in 2008, and still have not recovered. It will take a while yet before they do, IFF there is not a setback in the near future.

OTWT (Only Time Will Tell), I always say. One can hope for the best, but should prepare for the worst.

ETA: And to be fair, you predicted gas would go way below $3 per gallon as things got worse. If your other predictions are correct, commodities and precious metals will tank next (if I understood you correctly).

So, I am very cautious still about calling this a bear market yet, stocks are only about 5% from the top, however I will say this; there's still a few things I'm waiting for to be 98% sure(can never be 100%). Right now I'd say I'm around 60-40. The S&P would have to drop under 1815 for me to call for a bear market(which in that case would extend the decline towards 1000 and possibly less). it's starting to look like the real thing but I'm still waiting on a few more confirmations. If it is indeed the real thing then we could say that the assumption that the decline will begin by the end of 2014 ended up being correct, but we shall see.

As far as the prevailing thought that this is going to be so horrible for everyone well yes that is true, however I think what the Federal Reserve is doing is actually prolonging it and thus making everyone's misery last longer by trying to fight natural cycles. If the FED didn't try to butt in, there would have been a bigger, faster crash and by now there would be a REAL recovery. The world moves two steps forward, one step back. If you do not step back, you will not be able to continue moving forward and then all you will be is stagnant. That is exactly what the FED is causing. In a sense crises are not the problem, they are the solution. I feel bad for anyone suffering, losing their job, losing money in stocks, etc. But it is important to know that the solution to that is not for the FED to intervene, quite the contrary. If they sat on their hands things would have already been better instead of(IMO) getting worse in the next few years. It is only once this crash is allowed to run its course that things will genuinely get better.