trucking stock prices look for runaway ramp

I got out of truck shares the year before last. I was pretty heavy into JBHunt, I had just a gut feeling...
rx

 

With the economy in dire straits, like it is now, you DEFINITELY do not want trucking stocks to be sure. I got out years ago as well due to seeing what was coming and what is here now. Remarkably the DOW is still pretty strong, but once they wake up, they will not only drop fast, but may crash! Far too hot for no reason at all...just like 1929...

 

Now think about this....

The president and his party have declared the economy is growing and the best it has been in years. Unemployment is the lowest (please note they only refer to recordable, after it runs out you are dropped). There are many on this site that believe the economy is not at risk. I think they have too many rich, privledged people representing the average person in the country.

Stores are very worried about the Xmas spending. This is considered discretionary spending and is always the first to go.

The DOW was very strong in the early 70's but when it dropped it did it quick.

I personally believe that we are looking at the face of the worse slowdown since the 70's.

 

I agree...we are going to feel this one and feel it HARD. I don't care if you have NO stocks...doesn't matter. I bought HTLD at 21...now its at 13, sigh. So, yes, I'm screwed...but luckily don't have much. I see most everyone around me with their head's up their butts! They have no clue what is staring us in the face. China is now talking about pulling 1.4 BILLION out of our dollar due to the decline of it. Iran and Venezuela just said today they don't want to give us their oil and we give them a 'worthless piece of paper.' This ALL isn't looking good no matter which way we turn. Something WILL give, you can bet on it...stretch a rubber band a looooooooooong way...but, even it will snap.

 

I aggree!

It's already slow up here and usually December thru February is rough for us anyway, but I look for it to be alot worse...sigh

 

I haul campers which is considered discretionary spending. The slowdown began in 2005. If it was not for Katrina, it would have hit sooner.

Katrina helped the economy with construction and rebuilding. All of that has slowed down now. Oil prices have climbed dramatically. In 2004 I was paying 1.39 per gallon. 3 years later in February 2007, it was 2.30. Now I have paid 3.59. Oil was the trigger for the one in the 70's. Gerald Ford and his party could not bring it under control. Inflation was rampant during the Carter years. There was in fighting between the parties, so nothing could be accomplished.

I brought all of this up because oil prices are higher percentage compared to the 70's. Shows the gradual climb of them. Another Republican is in charge who does not think there is a problem. (Before you go nuts, I voted for Ford and one time for Bush). Inflation is beginning to be a problem. Discretionary spending has dropped. It is now Xmas and the stores are scared. The biggest comparision is the in fighting that is now Congress.

 

Inflation Concerns Remain Unsubstantiated


Inflation concerns have risen lately with a weak dollar and rising commodity prices. Yet, the actual inflation numbers are trending steady to lower. The risks to the inflation simply aren't that severe so long as growth in economic demand remains sluggish. Inflation is not a significant stock market risk.

http://news.briefing.com/GeneralCon....aspx?ArticleId=NS20071119081450TheBigPicture

 

Ronno, so far so good where I work: Auto Truck Toys and we sell stuff that people don't NEED but WANT. We are in line with last year...but, many things have changed and we SHOULD be even higher right now. We ARE seeing somewhat of a consumer "wariness" to be sure. The next week will tell us for sure. This coming Friday and Monday will be a good indicator of what consumers are thinking. We are set up for a GREAT holiday season...if this doesn't happen, we will know something is wrong for sure. We have to abide by what they call "map" pricing...which means we cannot go below what the manufacturer says is the bottom limit. We TRY to keep as low as possible, but we cannot go below the "map" prices or we get spanked. So, we have to watch and see how it goes from here on out. The good thing is, we sell to ALL the world and that helps! We will ship to BFU if you want, LOL. I CAN tell you that I see prices going up and the best thing to do is to buy NOW or you might be surprised if you think prices are going to keep going down...don't count on that. It is costing us more and more and more to ship items...this WILL affect you soon. Buy now, or regret later...this is a fact. We sell to anywhere in the world which makes us somewhat immune to this problem...Kuwait buys and buys and buys...they are rich...but I, and you, aren't! NOW, people overseas can get our stuff much cheaper with the lower dollar... put it plain and simple... inflation IS coming. Buy now or regret it later.