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09-15-2008, 09:17 AM
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#1
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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On CNN.com right now...
Top two stories are;
"Oil falls below $96.."
and
"Gas prices surge..."
wtf
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Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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09-15-2008, 09:19 AM
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#2
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Followed by "We really don't know what the F we are talking about."
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09-15-2008, 09:20 AM
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#3
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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load of crap. watch the financials....
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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09-15-2008, 09:29 AM
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#4
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Join Date: Jul 2008
Location: Columbia
Posts: 928
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I saw that.  What a load of crap. I also saw some gas stations in the trail of Ike that bumped their prices up to $5.02 a gallon. That is a lot of bling for someone who may have lost their house. 
Deep cleansing breaths. I'll be OK.
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09-15-2008, 09:40 AM
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#5
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Join Date: Apr 2005
Posts: 2,308
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It's called price gouging due to the hurricane.
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John
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09-15-2008, 09:41 AM
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#6
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Banned
Join Date: Jul 2008
Location: Long Branch, NJ
Posts: 805
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11 oil refineries were damaged
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09-15-2008, 10:38 AM
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#7
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Join Date: Aug 2004
Location: Hillsborough, NJ
Posts: 2,630
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Yeah unfortunately it's not price gouging. When production numbers drop off due to hurricanes it screws up all the demand, transportation, etc.
If you want really see something scary look at the stories about Lehman and Merril today!
__________________
--==RPM Resto & Custom==--
1989 IROC-Z Media Coverage:
Chevy High Performance - Readers Rides 4/03
GM High Tech Performance - Tech Article 3/06
Chevy Rumble - Tech & Feature Articles November 2006
Auto Restorer Magazine - Feature Article 5/11
SkinAndSteel.com
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09-15-2008, 10:41 AM
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#8
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Lord of the rings / 10 Second Club / Meet Coordinator
Join Date: Aug 2004
Location: Millstone Township, NJ
Posts: 6,389
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Quote:
Originally Posted by HardcoreZ28
Yeah unfortunately it's not price gouging. When production numbers drop off due to hurricanes it screws up all the demand, transportation, etc.
If you want really see something scary look at the stories about Lehman and Merril today!
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Yea I read those this morning. Crazy stuff. Get ready to hold onto the "Oh S$%&" bars.
__________________
97 T/A Ram Air Convt
Forever dyno queen / 777rwhp 662 rwtq @ 17lbs / 10.2 @ 140
'24 Corvette Z06
'17 Sierra 2500HD Dmax
'17 Lex LS460
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09-15-2008, 11:17 AM
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#9
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Join Date: Apr 2005
Posts: 2,308
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Quote:
Originally Posted by HardcoreZ28
If you want really see something scary look at the stories about Lehman and Merril today!
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Yeah, I'm more concerned about that.
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John
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09-15-2008, 11:39 AM
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#10
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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LB is toast. ML is now a subsidiary of BoA. ML escaped a snowball rolling downhill list of issues by taking the BoA offer and running.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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09-15-2008, 11:52 AM
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#11
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Damage done to the refineries and rigs were far less then planned.
If these things cant take a Cat 3 hurricane, then they shouldnt drill/refine in the Gulf.
Sorry. If Exxon comes up with another record breaking profit for Q3...expect American's to want blood.
__________________
2/20/2013: They Day the ****s Stopped
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09-15-2008, 12:50 PM
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#12
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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LB is gone, AIG is down 50%, BoA is down 20%, and WaMu is down nearly 75%. Say goodbye to the American banking institution.
__________________
Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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09-15-2008, 12:53 PM
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#13
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MIR
Join Date: Jul 2005
Posts: 9,692
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lots of red...
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09-15-2008, 12:55 PM
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#14
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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Not good bye, but a new landscape for sure.
Still 2+ hrs, but down 275 - 2.58% so far - much less than I expected.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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09-15-2008, 01:03 PM
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#15
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by BonzoHansen
a new landscape for sure.
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__________________
Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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09-15-2008, 01:04 PM
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#16
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Mongo the Meet Coordinator
Join Date: May 2008
Posts: 16,941
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Mad Max FTW! Woohoo!
__________________
Quote:
Originally Posted by KirkEvil
repo bigals turd gen and part it out to a loving home
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Last edited by LTb1ow; 09-15-2008 at 01:04 PM.
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09-15-2008, 04:35 PM
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#17
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Join Date: Apr 2005
Location: Somerset County, NJ
Posts: 447
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We don't need another hero. lol.
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09-15-2008, 04:38 PM
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#18
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,370
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 always steve! on the freakin ball!! hahaha
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09-15-2008, 05:10 PM
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#19
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Thats really not a lot. The market seems to drop 200 whenever something happens. People panic and say "WE HAVENT BOTTOMED OUT YET, WE ARE GUNNA GO BACK TOT HE STONE AGE!!"
And then next week market will be up 200 pts and they will come out "We have seen the bottom and the market is good, I belive its smooth sailing from here."
And then it goes down 200 pts the next week....
__________________
2/20/2013: They Day the ****s Stopped
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09-15-2008, 05:14 PM
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#20
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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Drop was 4.42% today, not as bad as I thought (I expected 10%). But the week is young. Figure 10%-15% down by end of week.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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09-15-2008, 08:42 PM
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#21
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Join Date: Jan 2006
Location: west milford, nj
Posts: 1,662
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Clinton News Network.
__________________
 
Previous Cars: 1992 Eagle Talon TSi AWD (5spd), 1992 Mustang GT(auto), 1995 Hyundai accent(5spd)
Current Car: 2000 Honda Accord EX (5spd)
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09-15-2008, 09:12 PM
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#22
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Banned
Join Date: Dec 2007
Posts: 1,106
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09-15-2008, 09:31 PM
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#23
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by BonzoHansen
Drop was 4.42% today, not as bad as I thought (I expected 10%). But the week is young. Figure 10%-15% down by end of week.
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Um...some smart people will be making good money after that, I wish I was one of them.
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09-15-2008, 10:03 PM
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#24
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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There is always $$ to be made somewhere.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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09-15-2008, 10:43 PM
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#25
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Ebearnezer Scrooge/Power Member/Lips
Join Date: May 2006
Location: Hamilton, Mercer county
Posts: 4,141
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Quote:
Originally Posted by CHRIS67
Deep cleansing breaths. I'll be OK.
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SERENITY NOW!!
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