Posts filed under “Markets”
Those of you who continue to insist you can even remotely forecast what might happen next continue to reveal incredibly foolish, thoroughly disproved beliefs, despite an overwhelming avalanche of evidence that you haven’t the slightest idea what the fuck is going on now, much less what is going to happen next.
Once again, the markets prove that nobody knows ‘nuthin.
In the announcement of US potentially normalizing relations with Cuba, the $33 million dollar closed end fund “Herzfield Caribbean Basin” — stock symbol CUBA — popped 40%: click for ginormous chart Here are its main holdings: So much for those theories that investors are rational and markets are efficient . . ….Read More
Succinct Summations week ending December 12, 2014 Positives: 1. Average gasoline prices fell to $2.60, the lowest levels since 2009, as Crude Oil continues to crash. 2. U.S. retail sales rose 0.6% m/o/m, better then he 0.5% expected rise. 3. Consumer confidence came in at 93.88, which was the biggest beat relative to expectations since…Read More
Fantastic interactive graphic from the whiz kids in the BBRG graphics department — be sure to click through all of the delicious and informative pages of this beastie: America Is Shaking Off Its Addiction To Oil click for interactive infographic Source: Bloomberg
Succinct Summations week ending December 5th Positives: 1. NFP came in at 321k far above 230k expectations. This was the strongest month since January 2012 and the best year of job creation since 1999. 2. S&P 500 and Dow Jones made new all-time highs for the fifth straight week. 3. Crude oil fell to the…Read More
Oil-Part 1 David R. Kotok December 1, 2014 Every so often we get a shock from the oil patch. Sometimes the price spikes (1973-4 saw a quadrupling) and sometimes plummets (a drop from $115 to under $70 in this year of 2014). This downward price shock is large enough to force change….Read More
Source: Chart of the Day From Chart of the Day: As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some…Read More