# On The Street...

**URL:** <https://boards.straightdope.com/t/on-the-street/79578>\
**Category:** In My Humble Opinion\
**Created:** [September 3, 2001, 10:21pm UTC](https://boards.straightdope.com/t/on-the-street/79578 "2001-09-03T22:21:33Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Ringo](https://avatars.discourse-cdn.com/v4/letter/r/779978/32.png) [@Ringo](https://boards.straightdope.com/u/Ringo)\
**Post date:** [September 3, 2001, 10:21pm UTC](https://boards.straightdope.com/t/on-the-street/79578/1 "2001-09-03T22:21:33Z")

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August is past, and it’s traditionally a blah month in the market. We saw the tech stock fantasia start to go poof starting last year and that dragged the market down. For a variety of reasons we’re teetering on the edge of recession (all kinds of recession-like things going on with odd here and there indicators acting like recovery is underway).

My company’s stock has dropped from 23 to 9 in 6 weeks, on the heels of 3 record quarters. We’re not a tech stock, we’re a 38 year old drilling and petroleum company and we’re doing well otherwise. But I can compare any of many other energy stocks and their curves all track ours.

So, are there any economics prognosticators out there who’d care to hazard some predictions?

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**Author:** ![Lsura](https://avatars.discourse-cdn.com/v4/letter/l/7993a0/32.png) [@Lsura](https://boards.straightdope.com/u/Lsura)\
**Post date:** [September 3, 2001, 11:51pm UTC](https://boards.straightdope.com/t/on-the-street/79578/2 "2001-09-03T23:51:19Z")

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The company I work for keeps hitting new 52 week highs. OF course, tailored suits are supposed to be coming back in style, so that bodes well for us.  
As far as predictions? I have none. I keep telling people that the economy is going down hard, but I really hope I’m wrong.