Courtesy of NYT
>
Source:
Swings in Price of Oil Hobble Forecasting
JAD MOUAWAD
NYT, July 5, 2009
http://www.nytimes.com/2009/07/06/business/06oil.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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July 6th, 2009 at 4:52 pm
it’s the deflation inflation dynamic- closely linked to views of dollar strength and weakness- no-one knows for sure what will happen and are willing t0 bail out of a position at a moment’s notice
July 6th, 2009 at 5:24 pm
Slumping demand. The oceans awash with tankers storing oil. OPEC production cut back.
(Speculators enter stage right). “We didn’t do it.” Right. Pump and dump. We get to pay.
And they wonder why …..