The Ticker

Dow Hits New 2008 Low

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Posted: June 26, 2008

From the Wall Street Journal's MarketBeat blog:

With its latest decline, the Dow Jones Industrial Average has reached a new intraday low for 2008, falling to 11626.43, surpassing the previous intraday low of 11634.82, reached on Jan. 22. Stocks have recovered a bit—and the other major averages, the Standard & Poor's 500-stock index and Nasdaq Composite, are far from their yearly low.

Technicals don't look too cheery, and with today's big downgrades on Citigroup and General Motors, there's not a lot of reason to expect a big Dow rebound. Is the next leg down on the way?

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EconoFlow Mis-Applied Formula

If the supply stay put in good amount then it will not be so much of the troubles having a very low barrel price to re-boost - EconoFlow- back to optimum level as usual 10 Years Ago at least to say. Why Not?
Then having a lot more juice out of general -EconoFlow- back to 'normal' again everything will be back on business as usual.
3 Factors involved into the formula but one of them are disturbing the balance in the ecuation and it is the ( Barrel Price) which are way out of proportions unbalancing the normal -EconoFlow- technically spaking. So, we have 3 Factors in play. Some how like an elementary algebraic proportional formula otherwise.
Resistor=(Barrel Price)
Supply=(Oil Deliver)
Econo=(Flow) ie. business-jobs-markets-housing-etc.-
But this is just a rough model only. Hopeful somebody become with a much better approach to it soon. Alrigth all have a good one now and 'go with the flow'.

Mike C. of CT @ Jun 26, 2008 13:46:15 PM

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