While the administration likes to point out that the filling of the strategic oil reserves is not a factor in oil prices, it remains a fact that commodities are priced at the margin. The oil reserve has been the buyer…Continue Reading →
A few hours and the short-term becomes less muddy. You know from our background statments and blogs that we think oil is heavily influenced by politics. For a lot of reasons, some chart points, and just the general high levels,…Continue Reading →
The long term driving force of stock values, The P/E ratio will be cut in half from current levels before the long-term cycle completes itself. We promised a more complete historical look at P/E ratios back in January and will…Continue Reading →
This is from Wikopedia: The great depression describes the period from roughly 1930 to 1941 when economic activity in America was categorized by unemployment, dropping prices, bank failures, and generally poor economic performance. The cause of the great depression has…Continue Reading →
The overnight down action puts into question the 1437 sell sweetspot in the S&P 500. There is no question that we have been in a topping zone this week, but we would allow this day to play out before making…Continue Reading →
The market continues to work around in this area topping area. Be patient if you are a trader, just work some swing trades within the range. Longterm investors should be at minimum long position for their particular ladder.
Oil is about Iran and the buildup of strategic reserves, period.  In our opinion Bush-Cheney are watching the election setup. If it looks like it is McCain or Clinton they will cool their heels as either of them will continue…Continue Reading →
This morning we got a little over 90 percent of the expected rally. You can sell here or possibly wait for all of it early next week. We expect from next Wednesday forward the market will be under pressure.