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posted to rec.boats
NOYB
 
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Default OT--More good news for the holidays


"DSK" wrote in message
. ..
NOYB wrote:
Retail sales for Thanksgiving weekend up 22% from a year ago.


Yep, sales at discount places are UP UP UP... translation, people have
less discretionary income and are buying the cheapest stuff... but at
least they're buying more of it!


Sales dollars don't care if they're being spent on cheap stuff or expensive
stuff. The fact is that they're being spent at a rate that is 22% higher
than last year.







Gas prices have fallen 25% in the last 5 weeks (reach 5 month low)


Does anybody with 3 functioning brain cells think this is a long term
trend?


Of course not. World demand hasn't fallen. But it's still very good news
that fuel costs only 75% of what it did 5 weeks ago.




Stock market up 7% in last 5 weeks (reaches 4 1/2 year high)


Hey great!
But why is it only a a 4 1/2 year high? How come the stock market still
hasn't hit as big as when Clinton was President?


Because the stock market was overinflated from overstated (and fraudulent)
corporate earnings reports...and from "irrational exhuberance" from the
dot-coms.