- Joined
- Aug 9, 2010
- Location
- Coral Springs, Florida
What a difference 3 months makes.
We get near the debt ceiling and all of a suddent the economic projections fall off the cliff. The market has dropped steadily over 7 days and the European Debt crisis is once again raising its ugly head.
On a positive note, oil seems to be dropping so you have to wonder if this is going to be the new normal. Oil drops on recession fears and gas prices start falling then people spend the extra money they are saving in gas and consumer sentiment picks up causing markets to rise and then the price of gas starts going up based on a projection of economic recovery and as consumers have less to spend as gas prices rise we rinse and repeat and start the whole thing over again.
We live in crazy times.
We get near the debt ceiling and all of a suddent the economic projections fall off the cliff. The market has dropped steadily over 7 days and the European Debt crisis is once again raising its ugly head.
On a positive note, oil seems to be dropping so you have to wonder if this is going to be the new normal. Oil drops on recession fears and gas prices start falling then people spend the extra money they are saving in gas and consumer sentiment picks up causing markets to rise and then the price of gas starts going up based on a projection of economic recovery and as consumers have less to spend as gas prices rise we rinse and repeat and start the whole thing over again.
We live in crazy times.