According to Bloomberg, oil took a big drop today due to an 18% increase in the fuel price by China, who subsidizes their domestic energy market. As a result, energy stocks are taking a a little dive today while the broader market enjoys a little rebound.
I guess it would be logical to think that [...]
Apologies to regular readers for the slow week. We are moving this weekend and between that, research on various stocks (more on this below) and my obsession with the Democratic primary, I haven’t had much time for posting.
I haven’t posted my reviews of some of the portfolio’s earnings reports lately but I can say [...]
I heard it on TV so it must be true.
All kidding aside, the last two days have been absolutely brutal for the commodities side of our portfolio and today, the energy stocks also got whacked. And I don’t know about you folks but I haven’t reached that zen, Buffett-like state where falling prices don’t [...]
Unexpectedly (unless you read this blog and other like-minded sites), inflation has come back with back-to-back scary PPI and CPI numbers, even despite the government massaging.
In response, gold and oil has sold off, which makes little sense. Maybe people are discounting the inflation-fighting response already. Who knows? One can waste a lot [...]
Bloomberg just ran an interview with a person from the IEA and the Council on Foreign Relations. The western energy organizations have been warning of supply constraints in recent months and the possibility of higher oil prices. This fellow was warning of $150/bbl very soon.
While this fits with my research, here’s the kicker: [...]
I don’t believe this rally for a second:
* The Case-Shiller housing price index showed the largest YOY decline since they’ve kept these records. While not at all unexpected, this is nothing but bad news for the US economy. As I said yesterday, Americans aren’t going to feel good for a while — I [...]
