Dueling versions of the State of the Union -who’s got it right CNN or WSJ?
There are major implications for short-term trading here. Natural gas E&P companies were the biggest gainers today while the drillers like BAS were some of the biggest losers on the idea that natural gas prices are bottoming since Chesapeake Energy announced major curbs on drilling due to collapsing natural gas prices. If Obama sounds sympathetic to nat gas and promotes it in any kind of…
Notable quotes, facts, and fantasies during a week for the record book
The Standard & Poor’s 500-stock index swung alternately up and down more than 4 percent each day from Monday through Thursday. Never before in the history of the S.& P. index, which goes back to 1928, have there been alternating gains and losses of more than 4 percent in four days. In most years, there were no such days at all.
“Heightened volatility is here to stay,” said Sam Stovall,…
Weekend Reading
As a rule, I don’t post weekend reading that I think is just interesting but only stuff that I think can make you money or save you money or stimulate you to do one or the other. But the book I'm reading is so well written, I had to share it. I don't know how it will make us money other than to provide some historical perspective. We live in an unusually precarious economic world. It's…