[FLFireman]

Oil surges $11 to record $138
http://money.cnn.com/2008/06/06/news/ec ... tm?cnn=yes

Dow's 400-point plunge at market's close is year's biggest loss after weak jobs data and oil-price surge.
http://www.cnn.com/

Fill up today, you might beat the increase. Look for everything in the stores to go up too!

You think this is a bump in the road, or is this the SHingTF

[RdSnt]

$this->bbcode_second_pass_quote('FLFireman', 'O')il surges $11 to record $138
http://money.cnn.com/2008/06/06/news/ec ... tm?cnn=yes

Dow's 400-point plunge at market's close is year's biggest loss after weak jobs data and oil-price surge.
http://www.cnn.com/

[FLFireman]

$this->bbcode_second_pass_quote('RdSnt', '')$this->bbcode_second_pass_quote('FLFireman', 'O')il surges $11 to record $138
http://money.cnn.com/2008/06/06/news/ec ... tm?cnn=yes

Dow's 400-point plunge at market's close is year's biggest loss after weak jobs data and oil-price surge.
http://www.cnn.com/

[SoothSayer]

$this->bbcode_second_pass_quote('', 'I')n intraday trade and in record time, the benchmark contract crossed 137, 138 and 139 dollars for the first time and soared to an all-time high of 139.12 dollars.

[Cashmere]

The shit has hit the fan.

The question now is, when will J6P notice that he has been splattered with shit?

The ability of the DSEs to ignore obvious truth is remarkable.

[hope_full]

Ok, this is more than a little frightening. Am I the only one, or has anyone else here needed a fresh change of undies after reading these posts?

Yikes. I thought we had a few more months before things got "ugly."

I think I need a hug...

HF

[seahorse2]

The shit has hit the fan when you've set up a two point concealed firing position in your home and are locked and loaded. Don't worry about paper cuts (stock market), worry about led poisoning, but never panic of your won't make it into Valhalla.

[eastbay]

Don't be silly people. This isn't even close. It's just turbulence; turbulence and volitility we've been talking about for months now.

It's part of the initial economic contraction process. The serious trouble doesn't start for a few years yet.

Relax.

[GeoJAP]

No, it hasn't. There hasn't been a run on the stores. There isn't panic in the streets. My rifle is still unloaded sitting cold in the safe and I'm still in my house.

Like others have said, if/when it does hit the fan, you will know.

[HEADER_RACK]

Not yet. This is just the turd honking for the right-of-way

[GeoJAP]

$this->bbcode_second_pass_quote('eastbay', 'D')on't be silly people. This isn't even close. It's just turbulence; turbulence and volitility we've been talking about for months now.

It's part of the initial economic contraction process. The serious trouble doesn't start for a few years yet.

Relax.

[Pops]

Naw.

You still have the weekend to prepare.


Steady, folks.

Just a bunch of people in the market trading on fear and betting against each other.


Make a plan and work it.

[FoxV]

I agree with the rest here, that the shit has not hit the fan yet, however it appears that it is definitely inbound. Impact is imminent.

However I don't think the catalyst will be Iran. I think it will be a bank that launches the first turd. The market seems to have that same feel it had before Bear Stern's blew up. The fact the Lehman Bros has the exact same setup as Bear Sterns is pretty ominous

$this->bbcode_second_pass_quote('seahorse2', 'D')on't worry about paper cuts (stock market), worry about led poisoning, but never panic of your won't make it into Valhalla.

[MacG]

$this->bbcode_second_pass_quote('FoxV', 'O')ur debating about the merits of gold must seem very strange to our ancestors. Again, I suspect its something that has been lost from our Christian heritage and explains why the Asian's don't have such debates

[dinopello]

$this->bbcode_second_pass_quote('Pops', 'N')aw.

You still have the weekend to prepare.

[Pops]

$this->bbcode_second_pass_quote('dinopello', 'e')verything....

especially:
save the cooler and the guitar.

[Cashmere]

$this->bbcode_second_pass_quote('', 'I')t's part of the initial economic contraction process. The serious trouble doesn't start for a few years yet.

[MattSavinar]

No, this is not "TSHTF".

That does not, however, preclude the possibility that the fat dude has positioned his ass di-rect-dict-ly over the fan.

[frankthetank]

Its a large bump, but it isn't SHTF. I'm watching for mass unemployment for i declare doom.

[Pops]

$this->bbcode_second_pass_quote('MattSavinar', 'T')hat does not, however, preclude the possibility that the fat dude has positioned his ass di-rect-dict-ly over the fan.