DJIA 0.31% 26,683 dow jones industrials

bear rug stirring

  1. 1,584 Posts.

    The bears with sore asses (from being kicked and kicked) have temporarily retreated from the DJIA and DOW forums but not, I fear, for long.

    We're sure to have a reprise of their dismal howling when the high price of oil (spurred by the lower dollar) takes a big bite out of the US consumer and the world economy.

    At least this cut will keep the majority of US consumers in a job which will help them pay the mortgage and arrest deflating house prices over winter.

    But there is a downside....explored too often by Jim Rogers and sore-assed bears on this forum for me to repeat.

    The China and India stories will keep the party fuelled but when the price of their fuel gets prohibitive...even elastic has a breaking point.

    But we're heading into a brilliant summer Down Under.

    Next week I wish the Reserve Bank doesn't start prematurely pissing on our sunny Pamploma parade .

    (Sir) Lunchalot
    Scoffer Extraordinaire
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