Regardless of who you are or how much money you have, banks are just not lending, says Donald Trump, Trump Organization chairman & president.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
VIDEO 1
Latest Hugh Hendry video interview on CNBC. Hugh Hendry is my favourite hedge fund manager and TV commentator. Fantastic videos.
Hugh Hendry thinks we are in a deflationary spiral.
VIDEO 2
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
In modern popular culture, 666 has become one of the most widely recognized symbols for the Antichrist or, alternately, the Devil. Earnest references to 666 occur both among apocalypticist Christian groups and in explicitly anti-Christian subcultures such as that surrounding some heavy metal bands.
An appearance of the number 666 in contemporary Western art or literature is more likely than not an intentional reference to this number of the Beast symbolism. Such popular references to 666 are too numerous to list.
The S&P 500 Index reversed at 666. Can this be the low of this mega bear market? As they say, the devil is in the details.
Art Cashin, director of floor operations for UBS Financial Services said that "in the old trader`s handbook says that bear market rallies are short, violent, shart and die on low volume."
"Readers have to watch the volume. When volume dries up, the market will roll over."
"We are going to have some kind of a retest on the lows. Yesterday`s rally was 70% short covering."
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
"I've honestly never known a time of near-universal conviction that we have to worry about inflation today. For quantitative easing there's no successful precedent. It has never, ever succeeded."
Hugh Hendry is very bullish on the US dollar and said,
"I can't buy enough dollars"
Hugh Hendry is short on precious metals and does not fear inflation:
"Gold, silver, I'm shorting them right now. (Inflation) is coming back in the future. All I'm saying it is just an unprofitable proposition at the time"
Despite Tuesday's strong rally in the stock markets, shares are not a good investment, said Hendry, who continues to bet on government bonds.
"I dare you to touch an equity today. Tell me you're making money on equities"
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Meredith Whitney wrote in the Wall Street Journal that "credit cards are the next credit crunch," as contracting credit will lower consumer spending and hurt the U.S. economy even more.
"Few doubt the importance of consumer spending to the U.S. economy and its multiplier effect on the global economy, but what is under-appreciated is the role of credit-card availability in that spending," Whitney told the WSJ.
American Express, Visa and Mastercard have been performing better then the banks. Will they be under fire in the near future?
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
- Opec meeting next week;
- Contango is diminishing, going away, that is bullish for oil prices;
- Conoco makes sense in a relative basis at least, higher beta play then Exxon;
- European oil stocks are cheap, BP and Total with 9% and 7% dividends;
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
China's CPI fell for the first time in 6 years last month, raising the threat of deflation. Consumer Price Index fell 1.6% from the year before, with easing food prices contributing to the decline.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
It’s time to become bullish. Buying stocks these days is almost like shopping at a five and dime." In other words, they're real bargains out there. This week I started buying stocks.
Because they're the maker of real things. Things that if you dropped on your foot they would hurt. It’s time to stand up and say I want to own wonderful companies that have been around for years and pay dividends. And most of these stocks have stopped making new lows.
Dennis Gartman stock picks includes, Dow Chemical, Alcoa, Chesapeake Energy, Family Dollar, Bunge and Suncor Energy.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
"We are certainly doing things that can lead to a lot of inflation"
Warren Buffett on CNBC, March 09, 2009
These are the interview highlights:
"The economy, ever since we talked in September, we talked about it being an economic Pearl Harbor and how--what was happening in the financial world would move over to the real world very quickly. It's fallen off a cliff, and not only has the economy slowed down a lot, people have really changed their behavior like nothing I've ever seen. Luxury goods and that sort of thing have just sort of stopped, and that's why Wal-Mart s doing well and you know, and I won't name the ones that are doing poorly."
"And I've never seen the consumer or the Americans just generally more fearful than this. And they're also confused. And you can get fearful very quickly, but you don't get confident, you know, in five minutes. You can get fearful in five minutes, but you won't get confident for some time. And government is going to play an enormous factor in how fast it comes back. And if you're confused and fearful, you don't get over being fearful till you aren't confused."
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Oil prices hit new highs for the year, as the oil rally continues.
Oil has been ready for a recovery, and historically it's hard to find a 30-day window kinder to the market than about March 15 through April 15, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.
The sazonality is good for oil prices and they are coming out of a very oversold condition so prices should continue to go higher.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Oil may rally near $51 a barrel if the market continues to close above its 55-day mean, according to technical analysis by Commerzbank AG’s Dresdner Kleinwort unit.
“Nymex crude continues to show signs of embryonic recovery in its range,” Dresdner analyst Karen Jones said in a research note today. “We look for recovery to $50.50 to $51.”
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Bloomberg`s Energy dedicated page is a good resource for oil traders. In this page you can track oil prices, natural gas prices and the market moving news.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Jim Cramer run a study on the DJIA and his worst case scenario for the index is 5320. That would be the most extreme scenario, where Alcoa would trade at 2 dollars per share, Dupont at 11, Exxon at 56 and JP Morgan at 11.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
Oil has bottomed, Jim Cramer said during Wednesday’s Stop Trading! on CNBC.
He recommended that investors start buying the oil stocks like Occidental Petroleum, Exxon Mobil and Hess.
“Most of these companies are going to make a lot of money” Cramer said, as long as oil stays above forty dollars a barrel.
Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.
