Friday, November 14, 2008

Markets Tank & Oil Continues Drop...

First, the good news... oil ended the week @ $57.04/barrel with the national average price of gas @ $2.15/gallon. The more OPEC hurts, then better I feel. When oil's under $40/barrel and gas is under $2.00/gallon in the area where I live (it's currently $2.40-ish/gallon), things will be back to normal.


The stock market continues to crash under the reality of a soon-coming Obomination Administration. Since election day's closing of 9625.48 the Dow has dropped 1127 points, the NASDAQ dropped from 1726.33 to 1516.85, and the S&P dropped from 966.30 to 873.29 (that's a drop of 11.5% for Dow, 12% for Nasdaq, 9% for S&P).

And how's that Paulson/Bernanke/Bush/McCain/Obama/Voted-on-by-mostly-Democrats-in-Congress bailout coming along???

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