Stock Market up and Gas Prices down means McCain gains in the polls. NT

[blueinindiana]

[tblue]

1. Oh yeah. That'll happen.

[blueknight]

2. are you crazy?

you think people will forget about the economy because gas prices dropped? hilarious!

[smiley_glad_hands]

3. Can you say recession/job loss? McLame has nothing to campaign on. eom

[Incitatus]

4. 401ks down 40% or more, I don't think so

[Leopolds Ghost]

5. Stock market up? Huh?

[Roland99]

8. Futures are up after G7 talk this weekend.

INDEX VALUE CHANGE OPEN HIGH LOW TIME
DJIA INDEX 8,609.00 239.00 8,463.00 8,678.00 8,463.00 21:45
S&P 500 922.90 31.90 909.30 931.00 909.30 21:47
NASDAQ 100 1,318.50 36.00 1,298.00 1,327.00 1,298.00 21:46

[Leopolds Ghost]

11. Is that what we're basing the economy on now?

[Roland99]

12. If you follow the consumer confidence index (along w/Bush approval) and map it to gas prices...

it's almost completely in lock-step.

[Leopolds Ghost]

17. And you think gas prices are down because ... ?

I take it you don't believe in Peak Oil, or the notion that
consumer confidence does not rise in the middle of a recession.
You are confusing cause and effect. Gas prices are down BECAUSE
of the bad economy and demand destruction -- economic contraction
and less oil available go hand in hand.

[Roland99]

19. You are wrong in your assumptions.

There isn't much movement in terms of quantity demanded between now and back in the spring (let's take the summer "driving season" out of the mix).

Back in the spring, we were seeing things moving up and moving up quickly. Why? Quantity demand increasing? No. Firms like Stearns and Lehman and then speculators were joining the oil commodity bubble bandwagon, pushing the price of oil (and related products) through the roof.

When these financial firms started seeing that they needed capital, and quick, in order try and stay solvent, they dumped their oil holdings and speculators dumped, too, and the price has dropped like a rock from $146/bbl to almost half that in less than 2 months. Supply and demand? Bullshit.

[Leopolds Ghost]

29. I don't think you understand... demand has now exceeded supply of oil.

Also, commodity markets can't be manipulated in this fashion. There has to be a supplier and an end user willing to close the sale. The smart money hires petroleum geologists who know what's going on with oil.

[JDPriestly]

21. By how much? (Futures up)

[Dr.Phool]

23. Dow futures have dropped now.

Was +187 a few minutes ago.

Asia pretty much flat, cautious.

Looks like it's gonna be another one of those days.

[NHDEMFORLIFE]

6. Gee, I paid less to fill my tank

That's it. Everything's cool. We can keep going down this path.
I know there are fools allowed to vote, but I can't believe there are 65 million of them.

[Bobbie Jo]

7. Under 'normal' conditions, perhaps. Standard predictors just don't apply. nt

[Duke Newcombe]

9. What good are your stocks and cheap gas...

when (a) your stock is "under-water" 1 year from retirement, and (b) you can't afford the cheap gas, because you don't have a job?

Duke

[Maccagirl]

10. My 401K has gone from $68,000 to $50,000 in less than a month

and McCain/Palin and their supporters/enablers have done everything in their power to piss me off. There is no scenario that would change my vote from Obama/Biden.

[Telly Savalas]

13. My personal thresholds are Dow at $9,200 and gas at $2.65.

If the Dow's above that and gas is below that on Nov. 4, then it's clear evidence that McCain's judgment and leadership are superior to Obama's. In particular, it validates his choice of the obviously unqualified Gov. Palin as his running mate.

[spanone]

14. well, with that explanation, it's hard to argue with you

[lonestarnot]

15. Campbell's Soup still up?

Hugh ugh, not happening.

[Raschel]

16. It doesn't matter what's up or down. McCain's still McCain, and he's a loser.

[Poseidan]

18. hopefully voters have better memories

Certainly though, no Democratic person, or any real American, would damage the stock-market or encourage a rise in gas prices to help themselves politically. Those are methods only Confederates use.

[JDPriestly]

20. People just don't like McCain. And stock prices are not going

to rebound that much for quite a while. Too many people have been burned and burned badly.

[Captiosus]

22. Because clearly foreclosures and layoffs aren't still happening...

Am I right? :eyes:

The DJIA and gas prices alone aren't going to convince people the economy is ok.
Not when jobs are being lost by the hundreds of thousands every month...
Not when foreclosures are still happening across the nation...
Not when people are still trying to wrap their heads around 700 billion dollars...

[HCE SuiGeneris]

24. Hit and run whiny OP to compliment their other following whiny, concern, hit and run OPs...

Most major polls will have Obama within margin of error by election day. http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=132&topic_id=7429822

DU Members need to be cautious and realistic. http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=132&topic_id=7426512


I am calling BS on this trollish behavior.

[ferrferr]

25. The stock market has WAY too much to recover before McCain isn't losing ass skin

[Cosmic Charlie]

26. you, sir, are a fool!

[demgrrrll]

27. Where is the original poster? Interesting............

[TexasObserver]

28. there will be more losers than winners in the Dow Jones

This market is probably not at its bottom closing yet. Some stocks may do reasonably well, but many will be sick. We're in a recession, and nothing is going to change that in the near term.