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Dow industrials down 800 points; crude closes below $90 for first time since FebruaryI think being funny about our chinese overlords...joke's over...now, it's closer to reality... Paul Is that good or bad? Chieh Cheng Check your 401k balance and you'll see. David I have none . . . j/k. Chieh Cheng I will leave that to our resident economist.... but since oil is a foreign dependence for us, i guess crude coming down is not so bad. David crude coming down is great. but too fast is not good. people across the economic spectrum will slow buying until price stabilizes. raw material, finished goods...why buy now when it maybe cheaper in a month or two, right? gasoline not so much since we buy it every day. it will ease shortage in the south. we'll see cheaper prices over time provide demand continues to drop. and it may with the economy in bad shape. having said that, folks are saying we'll bottom out early next year. this many turn crude and stock around again. who knows. here's what so good for us...people buying necessities... another thing about crude dropping. it'll really hurt Russia, OPEC, and ultimately, radical agendas across the world. Paul looking forward..Osama leads McCain by 8 points. Biggest lead by the Dem guy. Paul i don't like that underhand comment... i know you can tell them apart. David dave.. you're an obama supporter? charlie OH...my bad... Paul Rooting for the Democrats since 1984. David So do you guys agree or disagree with the 700 billion bail out bill that got passed? Chieh Cheng wait... it passed? did i miss the 2nd attempt? charlie you should find out who they got to run the bail-out program... on another matter... http://newteevee.com/2008/10/06/obama-puts-keating-economics . . . Paul http://news.yahoo.com/s/ap/20081006/ap_on_go_co/meltdown_leh . . . Paul
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