XOM
Started by
CHAx
, Feb 08 2010 08:08 PM
2 replies to this topic
#1
CHAx
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Posted 08 February 2010 - 08:08 PM
XOM is 3.3% of the SPX -- the biggest component getting ready to test a 52 week low
#2
Islander
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Posted 08 February 2010 - 09:48 PM
A bellwether in several respects.
And it signals that investor belief in the economic future of the US (and demand for fuel) is shaky.
If XOM takes gas (new low) in this down turn it could signal something more profound about the markets this year.
XOM is a dividend honey, a safe haven; its like surrender.
Best, Islander.
#3
porsche911sg
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Posted 08 February 2010 - 11:00 PM
The dreaded double dip recession will soon come true ust what i had expected and want it to happen.A bellwether in several respects.
And it signals that investor belief in the economic future of the US (and demand for fuel) is shaky.
If XOM takes gas (new low) in this down turn it could signal something more profound about the markets this year.
XOM is a dividend honey, a safe haven; its like surrender.
Best, Islander.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
