Markets: careful from today through Monday. Starting around noon EST most of the big hitters will be leaving for various Thanksgiving functions and the volume will lighten up. This is the perfect time of year for a "cowboy" or three to hit markets and move them up or down. NEVER trade a thin market, but it is the perfect time to look for a buying opportunity because a short raid on a stock can always happen. Institutions do keep trading because they are on computer generated trading "signals." I pay no attention to the NASDAQ "new highs" and so on because that was the index that the dot com bubble blew sky high. The Index that is hitting 4 year highs is the S&P, BUT it is more than 200 points away from the 2,000 high, which again was driven by the dot com bubble so this high may be too artificial to consider.
3 comments:
Howard,
Gas prices along I-35 and I-45: $2.15.
At gas stations in the burbs: $2.03.
The stations each charge what their local market will bear: it's not a "conspiracy".
Just so you know: when grocery-store gas stations in CA tried to discount gas linked to their shopper cards, the legislature outlawed it. At Kroger stations here in Dallas, you pay $1.97 with your shpper card.
-- Gun Guy
Now can someone explain why diesel prices are higher than gasoline, when past history indicates it has always been lower?
Yes. Refieries produce certain quantities of distillates and they have been over producing heating oil and under producing diesel.
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