[riChElwAy]

Ask yourself, why is gas so high? During the winter, $40 a barrel gas was at $2 a gallon in California.

I don't need bull shit excuses. Winter blend / summer blend. That's all marketing horse shit.

Someone needs to investigate. They are screwing over the public. This is price fixing and they owe us a refund.

the gas stations are now using this new innovation called "surge pricing" .. didn't you see the 2x sign above the sign

 

[JaxBeachDriver]

The normal trend for oil in late August is much higher. During winter last year, the barrel of oil was $40 and gas was approximately $2 a gallon here in California

The $40 a barrel in the summer months is very concerning because the trend for oil coming down in price is normally mid September.

Depending on the next few weeks California may see $2.00 a gallon gas soon. The rest of the country may drop to $1.50 a gallon as everyone knows how screwed up California is with all its extra taxes

Uber maybe profitable once gas hits a $1 a gallon.

You can bet your ass if uber finds an excuse to drop their rates, they'll use it.

 

[frndthDuvel]

"WAAAAA IM OFFENDED, HILLARY HOLD ME TILL BETTER"

Yes, I understand, sarcasm is best left for those with intellect.

 

[observer]

^^^
The Wall Street analysts along with reading the chatter through the Spiders think something really nasty is gonna happen beginning the middle of Sept.

China is on the brink of imploding.

In my opinion, Big money is very nervous right now.

 

[observer]

Time to change title to drops 350 plus 530 today.

 

[Optimus Uber]

Gas is at $3.55 today.... Down .10 a gallon.

 

[Optimus Uber]

China is on the brink of imploding.

In my opinion, Big money is very nervous right now.

What happened to us during the housing bubble is now happening to them.

 

[Chicago-uber]

Soooo, who's buying stocks on Monday? Apple crashed 6% today.

 

[observer]

What happened to us during the housing bubble is now happening to them.

Karma...

 

[PT Go]

Sacramento averaging about $2.80 for regular. Monday on Wall St is going to be very interesting. Media is calling it a 'correction'...right......And, right, at $40 a barrel, gas should be at least 50 cents or better cheaper. Wait for the profit reports from the major gas companies.

 

[Optimus Uber]

Soooo, who's buying stocks on Monday? Apple crashed 6% today.

Don't buy stock until the 3rd week of October. That's when funds cash out. They will reallocate starting in November. Buy into the drop in October

 

[William1964]

It's not the market that's moving up, down, sideways, it's the value of a dollar.
Same goes for gas, gold, milk, bread, giving birth. It's not the prices that move.

 

[Uber-Doober]

If it's a repeat of when the U.S. Market collapsed. Get your liquid ready to buy into the market

The trend is to buy into the market between the 2nd and 3rd week of October. That is normally the biggest dip of the year

When the funds pull their gains and losses and get ready to reallocate for the next year

^^^
Sorry, but my mom started buying Boeing and American Airlines in 1955 and now I'm stuck with it.

 

[Uber-Doober]

Ah....no. Even if we are in the midst of a correction, the market doesn't drop a lot more than it has. Good buying opportunity if you have the acumen for this kind of thing. Or buy gold or something...oof

^^^
I wasn't talking about stock prices or the market in general.... a lot of other things affect the market as far as the world situation is concerned.
And "correction" is such a misnomer as far as what has happened to the market over the last week.
A correction is just that.... a correction to the market when there is a bubble as with the so-called dot com bubble where companies were selling at astronomical prices as to earnings when there were no earnings whatsoever. Or the real estate bubble where they were allowing people to buy homes that they couldn't possibly afford and 17 trillion Dollars worth of real estate were dumped into foreclosure.
There is nothing "wrong" with the current market.
This weeks' trading disaster was due primarily to the devaluation of the Yuan along with other emerging country currency valuations did the same in self defense of their own markets in the world.

 

[observer]

^^^
I wasn't talking about stock prices or the market in general.... a lot of other things affect the market as far as the world situation is concerned.
And "correction" is such a misnomer as far as what has happened to the market over the last week.
A correction is just that.... a correction to the market when there is a bubble as with the so-called dot com bubble where companies were selling at astronomical prices as to earnings when there were no earnings whatsoever. Or the real estate bubble where they were allowing people to buy homes that they couldn't possibly afford and 17 trillion Dollars worth of real estate were dumped into foreclosure.
There is nothing "wrong" with the current market.
This weeks' trading disaster was due primarily to the devaluation of the Yuan along with other emerging country currency valuations did the same in self defense of their own markets in the world.

This "correction" stock traders are talking about is like when the real estate agents kept trying to spin the real estate crash in 2008.

Hoping that people would start buying again.

 

[frndthDuvel]

This "correction" stock traders are talking about is like when the real estate agents kept trying to spin the real estate crash in 2008.

Hoping that people would start buying again.

The real estate agents were not trying to "spin". They were in EXTREME denial. Of course when folks started buying it was the smart money and hedge funds, foreign investors, not the common folk who were still too frightened. Common folks did not start buying again until the prices had gone back up 20% or more. Well here in SoCal anyway.

 

[elelegido]

^^^
I wasn't talking about stock prices or the market in general.... a lot of other things affect the market as far as the world situation is concerned.
And "correction" is such a misnomer as far as what has happened to the market over the last week.
A correction is just that.... a correction to the market when there is a bubble as with the so-called dot com bubble where companies were selling at astronomical prices as to earnings when there were no earnings whatsoever. Or the real estate bubble where they were allowing people to buy homes that they couldn't possibly afford and 17 trillion Dollars worth of real estate were dumped into foreclosure.
There is nothing "wrong" with the current market.
This weeks' trading disaster was due primarily to the devaluation of the Yuan along with other emerging country currency valuations did the same in self defense of their own markets in the world.

I don't think China's an emerging market any more. They're not only a few decades from overtaking the US as the world's largest economy.

 

[observer]

the gas stations are now using this new innovation called "surge pricing" .. didn't you see the 2x sign above the sign

I have seen stations actually change prices depending on time of day. The Vons by the Traffic Circle in Long Beach has done this.

 

[observer]

The real estate agents were not trying to "spin". They were in EXTREME denial. Of course when folks started buying it was the smart money and hedge funds, foreign investors, not the common folk who were still too frightened. Common folks did not start buying again until the prices had gone back up 20% or more. Well here in SoCal anyway.

I sold a house in April 2008, I bought it in 2005, sold it for 4X what I paid. I just had this gut feeling it was time to get out of that property.

When I spoke to the real estate agent, her demeanor confirmed my feelings, so not all were in denial. But, I'm sure there were a lot of people caught by surprise.

 

[frndthDuvel]

I sold a house in April 2008, I bought it in 2005, sold it for 4X what I paid. I just had this gut feeling it was time to get out of that property.

When I spoke to the real estate agent, her demeanor confirmed my feelings, so not all were in denial. But, I'm sure there were a lot of people caught by surprise.

Not so much of a surprise but a slow realization that this was real. Stay alive until 08 was the mantra in 07. Survive until 9 in 08. Went on for a few years.
Plenty of real estate agents were as greedy as everybody else And suffered like everybody else. . It was always crazy to see foreclosures and short sales owned by agents. Me, I have a personal motto, never sell a piece of California property unless you have to. YMMV We went all in, saved our home and 2 rentals. But there was a heavy price to pay. Driving for UBER today.