Friday, June 06, 2008

$9.50 a Gallon for Regular at the Pump

Today, oil set a one day price gain record for the second consecutive trading day, closing above $138 per barrel. Heating oil traded limit up today. Last month, I wrote about how surprised I was to see the price of gas selling for over $4 a gallon at the pump. Subsequently, about a week ago, I wrote that $4 plus a gallon for regular was now all over the place. A couple days ago, I pulled into a gas station and had the pleasure of paying $4.33 per gallon, and while I was there, I struck up a conversation with the owner of the station. I asked him if he thought gas was going to $5 a gallon in the near future, and he told me that it is going far above $5, and expects it to go to $9.50 per gallon.

1 comment: Team said...

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Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.


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