US Equity Markets will not go down

[Dr. Zhivodka]

Kudlow? Larry Kudlow is that you?

Quote from abducens:

This +140 point day is a sure sign the markets agree that Bush has done a great job with the hurricane and gas over 3 dollars does not matter to consumers.

 

[Free Thinker]

Quote from Rickshaw Man:

Natural Gas? or Gas at the pump, because I just passed my Exxon here in Dallas were I fill up for the last 5 years, and it has not budged, Regular Unleaded 3.09.

http://futures.tradingcharts.com/marketquotes/HU.html

 

[ron2368]

Unfortunately when gas goes up they raise the prices that night, but when its down they must forget to lower it.

Soon we will have real time pricing at the pumps.

 

[Rickshaw Man]

This whole week is going to be a jam session in equities. Because next weeks Inflation data is going to wreak havoc for anyone thinking the Fed will not raise rates.

 

[PuffyGums]

Quote from ron2368:

Unfortunately when gas goes up they raise the prices that night, but when its down they must forget to lower it.

Soon we will have real time pricing at the pumps.

Even better, how about future pricing.

I heard of a company in Minnesota that allows you to lock in a price for gas and then you can draw from your account at that price when you fill up your car. Its like a fractional futures market for physical gasoline. They actually don't care what price the gas is because the customer has assumed the market risk.

For now, their customers are pumping their gas at really cheap prices.

What's the name of that chain?

 

[max401]

Quote from Rickshaw Man:

Natural Gas? or Gas at the pump, because I just passed my Exxon here in Dallas were I fill up for the last 5 years, and it has not budged, Regular Unleaded 3.09.

Same in San Fran. BTW, a gallon is around $6.87 in Amsterdam.

 

[TGregg]

Quote from EqtTrdr:

isn't that almost 3 times the longest streak in the history of the stock market???

That's what I would guess. Apparently, it really is different this time.

 

[TGregg]

Quote from TGregg:

That's what I would guess. Apparently, it really is different this time.

Whoops, I was wrong. In October of 1978, I show 797 trading days without a 2% down day. In `73 729 days.

Since 1978, our max was in 1986 at 560. Since the 90s, the highest was in the low 200s (like 221). And that's on the Dow, BTW.

 

[Trend Fader]

Quote from TGregg:

Whoops, I was wrong. In October of 1978, I show 797 trading days without a 2% down day. In `73 729 days.

Since 1978, our max was in 1986 at 560. Since the 90s, the highest was in the low 200s (like 221). And that's on the Dow, BTW.

What do u think this means?

 

[TGregg]

Quote from Trend Fader:

What do u think this means?

That we've not had any big down days in a long time . Seriously though, I dunno. On one hand, it seems like a good stable long term uptrend would have a few big down days to release pressure and sucker in new bears. So maybe this is a sign of Irrational Exuberance. On the other, maybe it just shows that there is an amazing amount of money pouring in, and it's just a really, really strong trend.

But other things are just like this, like VIX at record lows. Does that mean we're topping? Maybe. Maybe it means there's even lower records coming.