~~Rants del Nicoleta~~

Hm, to best sum up the current market my choice of words is: Tumbling prices + Cheap Gas + Spending= ???  Outcome is uncertain, because people spending will just drive up the prices to levels seen this summer.  Anyways, the DOW fell 200+ points, with the S&P and NASDAQ following suit. 

This countered with oil dropping to $36 per barrel.  Crude oil is said to have fallen anywhere from 60-75% (No one report is the same) from it’s Summer Highs.  Meanwhile gasoline has fallen about 59% at the pump, and for 3 days it has been rose to $1.67.

Overall, the economy is has not reached it’s bottom yet.  This downturn/recession (or whatever you want to call it) will last -in my opinion- until 2010, when stable growth returns.  During next year, oil will stay low (Below $70 I think) and gas will probably hit it’s summer peak at $2.67/gallon before falling for the winter.  Again that’s my speculation, it’s not perfect and not guarantee it’s correct at all.

http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-121808.aspx?icid=dispatch_081218

http://www.msnbc.msn.com/id/12400801/