Today’s Wall Street Journal presents a different side to yesterday’s bullish energy post: “Weak Natural-Gas Prices Point to a Crude Awakening For Some” The author, Geoffrey Rogow, points out the divergence between oil prices, which have rallied with natural gas prices lingering near decade lows. Using current surplus oil inventories as support, he reasons that [...]
Regular readers know I am bullish on energy despite the prolonged weakness in prices during this recession. Energy reserves were already difficult to find when prices skyrocketed. The crash that followed has greatly exacerbated the exploration challenges by curtailing capital spending. When the economy recovers, the energy supply picture should reassert itself into the markets. [...]
The Financial Times released results of a new FT/Harris poll: Sharp Divide In Public Opinion On Bonus Culture How Business Turned Into The Bogeyman Thus continues the corporate class’ continued propoganda campaign, with the complicity of mainstream financial media, to promote themselves as the engine that makes the world turn. Notice how often these corporate [...]
In dedication to today’s awesome bear, I continue my Blogging the Bears series. Other parts in the series: Part 1 contains my bullet point summary of the book and the 1921 bear market. Part 2 details the 1929 – 1932 bear market. Part 3 describes the 1949 post-WWII bear bottom. Part 4 summarizes the 1982 [...]
Despite the partisan hand-wringing over a Democrat in the White House, yesterday’s release of the defense budget served notice that U.S. defense spending isn’t being pared back, not with two wars and a ramp-up planned in Afghanistan. Additionally, recent articles suggest possible trends in future defense spending: Electricity Grid in U.S. Penetrated By Spies [WSJ] [...]
I haven’t thrown up a sports post in a while and with the quarterfinals in the Champions League beginning today, now is a good time to get back into it. BTW, I think exercises like trying to pick winners in sporting events are helpful to stock picking. Trying to assess strengths, weaknesses and then assigning [...]
