Prolonged low rates = time to short trucking stocks?

While charts are really great to look at bottom line is when your buying shares in any company is there ability to continue to make a profit one of the reasons we've seen a sell off in mining stocks is those companies have lower incomes and some are making losses so people are switching back to the more stable companies like 3M, Johnson & Johnson, Merck, they have proven records.

 

But everyone outside of dc had seen their real income decline. The value of the dollar has been destroyed by our friends looking out for us in dc

 

It's what I have been saying, they want to lengthen the trailers and increase gross weight to lower the labor cost of the driver equation. It is a shell game to the max. You have drivers running around all proud of their $75,000 pay but in reality they are making the same as 20 years ago.

 

The thing is, that's not just trucking. Every career choice is seeing the same thing. Wages have not kept up with inflation. Talk to a union crane operator which is about the best paying blue collar job you can get,the buying power of their income today is no more than it was twenty years ago.

 

We only add 142,000 jobs per the jobs report. Manufacturing was down1.7% in orders. Not good.

 

Thank you.... Keep the political commentary for the politics forum please.

 

@chalupa
Nat gas hitting the 6 handle. Were you just arm chairing it or have you got skin in the game?

Expect another 50% decline before any basing.

TA