— 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…
Tag: oil
” … , I have it from a reliable source that the sky is falling — SELL!”
Of course, Henderson, the broker at the other end of the line, unaware of the severe consequences of passing inside information, passed this invective from Chicken Little along to ten of his best clients. Before you know it, you have real panic going. Last week’s best frightful and misleading commentary comes to us from the…
I Love the media!
If you can’t spin a story negative, don’t spin it at all. “Oil’s poised for an ugly start to 2016: analyst” This was the teaser to a story in CNBC on-line: “Oil to fall under $30 before rebounding: Analyst”. Of course, this all depends on whether you are buying or selling. Since the vast majority of the…
“Greece is the word … “
“Syriza for the Win? Anti-bailout party on course to form government” CNBC, we pardon the pun (emanating from the title song “Grease is the word,” from the 1971 musical “Grease”). These clever folks are using this headline to help launch the next-big-thing to worry about after Eurozone Quantitative Easing (When? … How much? … too…
Session 136–Collapsing Crude Prices=Systemic Risk?
Though I am not certain that this will be the case (in fact I believe it won’t be), I’m willing to bet that this is the spin (systemic risk) that the media will begin to attach to rapidly falling oil prices. Why? Because there is potential to come to very negative conclusions about the impact…
Session 112–What a difference a ‘Frack’ made
Who would have thought Iraq erupting into sectarian / civil war would have , at most, been the cause of a two-day, 200-point decline in the Dow Jones Industrials (so far)? Not that it should be a surprise Iraq would fall into chaos upon the departure of U.S. forces, it shouldn’t. Saddam Hussein, the…