— And no, I do not have rocks in my head! — The continuous drone of the media and politicians about inflation and interest rate the horrors of out-of-control energy and food prices is a sentiment killer. — “After you get what you want you don’t don’t want it” — How to prosper from this discussion The…
Tag: Oil Prices
Coronavirus continues its reign of terror
— COVID-2019 fears continue to dominate the market. — It is very hard to square the terror that surfaced Friday in bonds and gold with the evidence at hand. — Will coronavirus just be another obsession that falls by the wayside in the secular bull market? The S&P 500 is just 1.7% from a new…
“I’m done with fossil fuel” stocks
— When I see comments like this, especially from the likes of Jim Cramer (Squawk on the Street, 2/7/20), it gives me pause. — Cramer’s ‘big call’ history is more than a bit spotty. — Flawed as the much-heralded concept of ‘peak oil’ was back in 2008, writing the obituary for thefossil fuels industry may be a bit premature. When…
Is the United States a “Stupid Country?”
People on both sides of the political spectrum, including our president, have made that assertion. Since I try not to do politics in kortsessions.com I will refrain from comment, other than to say what I see on the political front is very worrisome and that “stupid” (maybe even dangerous) could easily be used as a…
“What is at risk if Doha oil freeze deal fails?”
I’d say, ‘not much’. Of course, that depends on who you are rooting for: the oil producing countries (many of whom are not our best friends), or the small segment of the S&P 500 (only about 6.8% of the year-end, index market capitalization) engaged in energy production and exploration, or the 93.2% of the S&P…
Session 137–“What Tom Lee likes … “
It’s 2:00 PM CST, Wednesday afternoon, December 10, 2014, and the markets are in the tank (DJII -278, S&P 500 -34 and NASDAQ comp. -79). The market is in flight over the continuing drop in crude prices (WTI, @ $61.37/bbl -$2.45). Ali al-Naimi. Saudi Oil Minister responding to a reporter earlier in the day, said,…