Posts filed under “Markets”

Gasoline Prices & Presidential Approval

Lots of polling data out this week: Here are few separate charts of Presidential Approval rating of key polls (composite);  Prez Approval inapposite to gasoline; And then an inverse gas chart:

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WSJ Composite Major PollsWsj_poll

Source: WSJ/NBC

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If this was a stock, I’d advise management to revisit whatever they did in Q3 2001, and Q1 2003.  (Uh-oh.  Perhaps that explains the saber rattling versus Iran).

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The next chart comes to us via Paul Kedrosky’s Infectious Greed:  Paul notes that "inverse relation between retail gas prices and President Bush’s approval ratings is worth pondering."

Bush Approval and Gasoline Prices
Gaspoll

Hardly spurious, Paul — gas prices generate a visceral reaction, and the public wants to blame someone — either the oil companies or the President.  (Hey, do you think all those SUVs you fat bastards are driving have anything to do with it?)

Lastly, have a look at this chart, which inverts gasoline prices.   

Newbushindex_28670_image001_1

via Professor Pollkatz

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There is clearly a correlation — is it causative, or are the same underlying factors driving both issues? I tihnk it may some of both . . .

Category: Commodities, Markets, Politics, Psychology

Its now official . . .

Category: Economy, Markets, Psychology

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Category: Earnings, Financial Press, Investing, Markets, Technical Analysis

Hindenburg Omen ?

Category: Markets, Technical Analysis

State of the World We Live In

Category: Markets, Psychology

Scaling versus Averaging

Category: Apprenticed Investor, Markets, Psychology, Technical Analysis, Trading

Complacency anyone? (Wall of Worry vs. What, Me Worry?)

Category: Commodities, Markets, Psychology

S&P 500 Earnings and the Energy Sector

Category: Commodities, Earnings, Investing, Markets

Margin Loans Make a Comeback

Category: Investing, Markets, Psychology

More signs of Speculation

Category: Apprenticed Investor, Markets, Psychology, Technical Analysis