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Lior Cohen  

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  • Can Altria Afford Raising Its Dividend? [View article]
    Thanks for your comment. I agree about the unemployment rate and talked about it in the past. But the general direction has been positive for the labor market in both wages and employment. And while the income elasticity of demand for tobacco is likely to be low, an improved labor market will still raise the demand for cigarettes, mainly among young people, and vice versa.
    Nov 29, 2015. 12:47 PM | Likes Like |Link to Comment
  • Can Altria Afford Raising Its Dividend? [View article]
    Thanks. You are right. The merger will be good for MO investors as also suggested by this article
    Nov 29, 2015. 10:49 AM | Likes Like |Link to Comment
  • Barrick Gold Needs To Step Up Its Game [View article]
    Thanks for correction. Rectified.
    Nov 24, 2015. 02:32 PM | Likes Like |Link to Comment
  • Valero Energy Rises Despite Low Spreads [View article]
    Thanks for your kind words, much appreciated. You are spot on about low margins in Q4. The spike in VLO does seem a matter of (a bit overly?) optimistic outlook for VLO due, in part, to the recent slide in oil prices, expected weakness in the oil market in 2016 and higher margins in the subsequent quarters.
    Nov 24, 2015. 02:31 PM | Likes Like |Link to Comment
  • Does Philip Morris International Increase Its Market Share? [View article]
    Thanks for the correction. I meant sales not market share -- it was rectified.
    Nov 12, 2015. 09:47 AM | 2 Likes Like |Link to Comment
  • What's Keeping Up Caterpillar? [View article]
    Thanks for your comment. The construction industry has suffered in Asia and Latin America, as you implied, and while overcapacity could be another contributing factor to the softer demand for heavy machinery, but the general weaker demand (fewer construction projects) is likely to be the main reason, IMHO, as these economies slow down. But there is no way to show, from where I sit, the contribution (percent-wise) of these factors to CAT's low shipments.
    Nov 11, 2015. 02:52 AM | Likes Like |Link to Comment
  • Is The Fed Ready To Raise Rates In December? [View article]
    Thank you for your kind words and compliments -- it's much appreciated! I agree about the the whole low energy prices and strong USD, these are probably some of the reasons why the Fed is on the fence towards raising rates. And for the record I also don't think the Fed needs to raise rates anytime soon. But for now it seems as if they are moving towards liftoff in December. But let's see in a couple of months.
    Oct 31, 2015. 06:26 AM | Likes Like |Link to Comment
  • 3 Takeaways From Freeport-McMoRan's Earnings [View article]
    Thanks for you comment. I made the correction.
    Oct 26, 2015. 03:34 PM | 1 Like Like |Link to Comment
  • How Long Will The Oil Glut Last? [View article]
    Ben -- You are right. For OPEC you can see there is also a line for their liquids around 6.2-6.5 mb/d (pg 33). They didn't grow as much as oil output so I left them out, but sure for more accurate picture , I could have used oil and liquids.
    Oct 6, 2015. 06:15 AM | Likes Like |Link to Comment
  • How Long Will The Oil Glut Last? [View article]
    Thanks for your kind words -- much appreciated. I agree, the data is "messy" when it comes to the changes in supply and demand let alone the outlooks, but it does give some sense of where we are at and where the market expects the oil market to go.
    Oct 6, 2015. 06:08 AM | Likes Like |Link to Comment
  • How Long Will The Oil Glut Last? [View article]
    Thanks for the correction
    Oct 5, 2015. 05:43 PM | 1 Like Like |Link to Comment
  • How Long Will The Oil Glut Last? [View article]
    Ben -
    These figures are taken from EIA's monthly report -- page 31
    It's under "Petroleum and Other Liquids Production" ,while the 9+ mb/d that your refer to -- see here --
    is for only oil.
    Oct 5, 2015. 05:39 PM | Likes Like |Link to Comment
  • Picking The Right Silver ETF [View article]
    Vegas Brit,
    I won't go all over the details of your comments. But in short, some of the points you make should be taken for consideration such as the regulation of ETFs (not only SLV) -- this is also stated at the home page of SLV:

    "The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. "
    And there are other factors to consider such as the decline in share-to-metal correlation as the ETF sells silver to cover its costs.
    A more detail account of these caveats could be found here:
    In any case, SLV still follows the price of silver even for longer periods of time and not just for day trades. E.g. Year to date (up to Oct 1) SLV fell by 7.7% while silver price by 7.9%. Since Jan 2 2013 up to Oct 1 2015 -- SLV fell by 52%; silver, by 53%. Is there risk in SLV -- sure, as there is another ETFs and other risk related to PM ETFs. But if one consider these risks then this ETF still does its main job-- follows the price of silver.
    Oct 2, 2015. 01:38 PM | 2 Likes Like |Link to Comment
  • Carl Icahn's Critique Of The Fed - What Did He Leave Out? [View article]
    Thanks for your comment. I understand your point and yes there are repercussions for low rates as Icahn stated -- I don't argue with that. And while the relationship between rates and employment has been studied a lot, there is still room for doubt. Also, the economic environment over the last 7 years wasn't the same it was before -- the whole the liquidity trap theory. We could also debate the merits of this theory, but in the end we'll know for sure where the economy is at and the impact of raising rates in hindsight -- and that's one fact I think all economists will stand united behind (at least the honest ones)...
    Oct 2, 2015. 09:20 AM | Likes Like |Link to Comment
  • Oil Is Still On The Ropes [View article]
    Thanks for your comment.
    As Alexander Alekhine pointed out, it's more about showing changes and by starting from 0 every chart will miss the point of showing the progress over time. But I do understand your critic and there is also a good book about this and other related issues "How To Lie With Charts".
    Sep 24, 2015. 03:56 AM | Likes Like |Link to Comment