Odd Data Point of 2007

According to the Stock Traders Almanac, this was the first year since 1974 that both November and December had negative monthly closes  . . .

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:
  1. michael schumacher commented on Jan 2

    And we all know what followed shortly thereafter……

    BTW the Oil pump using the Nigerian rebels thing is just too laughable……..Out Justice Department would rather investigate the sale of chocolate (that does’nt have a premium of well over $30 attached to it) rather than the NYMEX induced gorge-fest that takes place each week by bidding up crude and then cancelling large amounts of contracts that creates the “shortage” that is reported each week.

    But Stocks are the cheapest since 1974…LOL

    So said the pumper….

    Ciao
    MS

  2. michael schumacher commented on Jan 2

    And we all know what followed shortly thereafter……

    BTW the Oil pump using the Nigerian rebels thing is just too laughable……..Out Justice Department would rather investigate the sale of chocolate (that does’nt have a premium of well over $30 attached to it) rather than the NYMEX induced gorge-fest that takes place each week by bidding up crude and then cancelling large amounts of contracts that creates the “shortage” that is reported each week.

    But Stocks are the cheapest since 1974…LOL

    So said the pumper….

    Ciao
    MS

  3. Eric Davis commented on Jan 2

    Oil is the new safety play… the new gold.

    let the 70’s redux continue… I’ll be shopping for bell bottoms and a big collared shirt this evening.

    and now some 70’s Redux quotes:

    Tony Manero: Would ya just watch the hair. Ya know, I work on my hair a long time and you hit it. He hits my hair.

    Frank Sr: Four dollars? You know what four dollars buys today? It don’t even buy three dollars!

  4. Pool Shark commented on Jan 2

    Eric Davis,

    Gold is the new gold.

    Up over $850 this morning.

    /Up 32.5% in 2007.

  5. Pool Shark commented on Jan 2

    Sorry…

    Make that up over $855 this morning

    /all time high

  6. Eric Davis commented on Jan 2

    After ’74 it did take 6 years for gold to “Top”….

    May not repeat itself, but it does Rhyme.

  7. Eric Davis commented on Jan 2

    After ’74 it did take 6 years for gold to “Top”….

    May not repeat itself, but it does Rhyme.

  8. Pool Shark commented on Jan 2

    That’s ok, Eric Davis may not rhyme, but he does repeat himself ;-)

    btw, isn’t it interesting that gold hits an all time high only a few weeks after Goldman Sachs announces they’re bearish on gold?

    /another contra-indicator?

  9. Pat Gorup commented on Jan 2

    Also in 1974 the average inflation and CPI-U percentage rates were 11.03 and 49.3 (to include food & energy), respectivley which sounds about right. The effective average FED fund rate was 10.5%. Oops!

Read this next.

Posted Under