High Oil, U.S. Economy Worry Stocks

[Dover]

High Oil, U.S. Economy Worry Stocks
Mon Aug 16, 2004 04:45 AM ET

<snip>...Investors have become increasingly worried that the soaring oil price, if sustained, will slow world economic growth, spike inflation and interest rates and hurt corporate profits.

Added to this has been a series of weak U.S. economic data that has increased expectations that the world-leading economy is heading into a decided slowing patch.

Payrolls data has suggested that few jobs are being created, consumer confidence is down and the U.S. trade deficit widened to a record $55.8 billion in June on falling exports and rising imports.

The result has been a wave of negative sentiment across financial markets, particularly stocks.

http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5983071

[truthisfreedom]

1. but... but... but... the economy is strong! things are looking up!

maybe bush will have time for one more vacation so he can get over his bad luck.

[Kierkegaard]

2. This must be an illusion

I have it on good authority that 'we're turning the corner.'

[hadrons]

3. Meanwhile have these investors reconsidered their vote .....

probably not

[ClintonTyree]

4. Many are..................

believe me. This most recent turn back is the worst thing that could happen for Bushie. The first crash took many by surprise, and millions of people lost significant amounts of money in their portfolios and retirement plans. They just got back to about even and thought things were good enough after Bush's "get tough with corporate crime" initiative, but now we see another redistribution of wealth just before the elections.

This does not bode well for the Bushies. People are fed up with his policies. The world could go to hell in a hand basket and most wouldn't care, but hit them in the wallet and you'll see them jump the Bush ship like there's no tomorrow.

Many investors thought it was safe to get back into the market again, bu they're getting F%^&ed in the a@@ again and they're not going to take it anymore.

[Eurobabe]

5. gas prices have dropped 18 cents a gal.

in the past month here in Central VA. Bandar apparently received the memo.

Jes lull the masses into stupidity until after selection, then WHAMMO -- the shit will hit the fan!!