Energy Select Sector SPDR (XLE)

All Comments on XLE

  • commenter
    steve Ward
    Oct 10 10:10 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Better yet, make it 20 pounds, this could be a long lousy market. Anybody see China's electrical demand figures, down they are.What's the backbone of the Chinese Treasury, T-Bonds, CDO's, sub prime debt and exports to the USA, which are down as in down large. Just ask the Mayor of Long Beach California, he keeps numbers on this stuff.
    Asia will revatalize itself, but not until they go through export hell.     Reply
  • commenter
    steve Ward
    Oct 10 10:03 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    I have been involved with oil and oil companies since 1975 when I went to work for Amoco. The history of OPEC is a complete inability to sustain high oil prices. True, OPEC had in the past un used production leadfing to cheating but the point is the same. OPEC needs as much money as they can get their hands on. Development projects delayed could lead to civil strife as many of these regimes are buying off the populace, ala Saudi Arabia, Algeria and Iran and Venezuela. Historically, OPEC hasn't been able to sustain high pricing.
    However, OPEC is good at dragging low prices off the floor but only after several years of effort amongst its members.
    $149.00 barrel oil? I want 10 pounds of what the Goldman guys are smoking.     Reply
  • commenter
    fatcat
    Oct 10 09:27 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Those gaps are very scary... Reply
  • commenter
    jjc7477
    Oct 10 09:21 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    I can only say thanks Dave for the definitions. For the first time in over a week I actually laughed until I cried. Actually, I've been crying all week!!

    John     Reply
  • commenter
    Sidj
    Oct 10 09:17 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    I remember in 1987 the week before 'Black Monday' was the worst in history. It made the cover of Time. But then 'Black Monday' hit and everyone forgot about the previous week. Just because we've had a big selloff doesn't mean we won't get another 'Black Monday' with all the average joes bailing out at the same time. Reply
  • commenter
    LT777
    Oct 10 08:04 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    Those are some great charts (and comments)!

    My brain hurts right now, but those are some great charts!     Reply
  • commenter
    blackbody
    Oct 10 07:46 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    this is getting ridiculous, and I thought I was a perma-bear. I'm going to buy something today. Reply
  • commenter
    mangolfer
    Oct 10 07:43 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    This guy is nuts. He has no facts to support these claims. Every other article says how demand is dropping off and supply is increasing. Furthermore, oil at $147 helped start the meltdown. Running it back up there would cause a revolution. I'm making money shorting it till below $80 and will see what the numbers show then. Wait till gas prices catch up with oil price slide and see where the demand is. If demand is still dropping, keep shorting..... Reply
  • commenter
    Pretzel
    Logic
    Oct 10 06:44 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    "Technical analysis at these levels is not as helpful as one would like as markets are blowing through support levels quicker than we can identify them."

    Lee Adler, who runs Captialstool.com, has a saying: "There's no such thing as support in a bear market."     Reply
  • commenter
    vrspace
    Oct 10 06:43 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    "The markets are as oversold as they can get" - Most crashes are preceded by oversold conditions. But when we get the reversal today or Monday it will be the trading opportunity of a lifetime (unless it's different this time) Reply
  • commenter
    Unfaire
    Oct 10 06:23 AM
    Friday Outlook: Commodities, Emerging Markets [view article]
    In an up-market, mark-to-market spirals up the market. But, in a down market, when combined with margin calls, it becomes a death spiral. All collateralized debt instruments will be devalued, called, devalued, called … till it is worthless and bellied up. Regardless of how we got into the mess we are in now, it is this twins that will do us in. If we do not repeal mark-to-market immediately, we ain’t seen anything yet. Where are we now in Dante’s Inferno? Reply
  • commenter
    MaxRoul
    Oct 10 04:51 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    "The supply/demand picture has been further confused by hurricane Gustav. When Gustav shut down a number of oil refineries and natural gas facilities, oil prices dropped because refineries couldn’t buy oil from the oil producers"

    I think somebody is trying to pull our leg cjct.     Reply
  • commenter
    cjct
    Oct 10 04:45 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    By the way, DOE just reported that US use of petroleum products dropped to 1999 levels over the past 4-week period. I realize that facts can be inconvenient sometimes, but there's really no way to ignore demand destruction at these levels. Lots of price predictions in the above interview, but a conspicuous lack of supply/demand figures other than the T. Boone pickens slogan of 85 mbd production with 87 mbd demand. NEWS FLASH econ101 says that price adjusts to equilibriate supply and demand. If demand was really outpacing supply by 2 mbd we would be drawing down inventories at record pace. Reply
  • commenter
    cjct
    Oct 10 04:34 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Is this man serious...no really...is he serious??? He even admits that the US might endure a severe recession/depression that drags down emerging markets in Asia, but then says oil demand will continue to rise regardless of economic growth...It's people just like this who blindly hold to a idea (like the notion that housing could never fall) and allow themselves to lever 30:1 and collapse the banking system. I can't believe this person actually sucks up oxygen that the rest of us in America need. THIS MAN NEEDS TO GO!

    Riddle me this BATMAN? If all of these hedge funds are going under and are being forced to sell their oil positions...then who pray tell will be going long crude oil when the dust settles? I-banks...whoops none of them left; pension funds...i think they've learned their lesson...who...i repeat...who will be in a position to build long positions in an environment of global deleveraging and asset deflation.

    Sure the US and RoW are printing money like mad to try to re-inflate the sytem, but as we exist in a fractional-reserve banking system this really isn't creating inflation because the banks aren't lending.

    Once again, this man is sick...I could see how you could argue for 100/bbl by year's end, BUT 157/bbl...It's almost like some analysts get paid based on the degree of ridiculousness in their reports. I challenge this man to put his entire net worth in January 140 call options on WTI crude oil. If he's right he makes out like a bandit and if he's wrong (but wait he shouldn't because the system can collapse and oil demand will never go down!) then he loses everything and we can stop wasting our time clicking on links to his interviews.     Reply
  • commenter
    homer II
    Oct 10 03:24 AM
    Wednesday Outlook: Commodities, Emerging Markets [view article]
    Hey Ben Dinsmore...

    Why do you feel sorry for folks who are already in retirement? We don't have to sweat a paycheck like you do. Most of us have executed our plan with sufficient income and safely invested nesteggs so we don't take big risks in equities or commodities like folks your age do. I'm sleeping very well the last couple of weeks.

    However, I do agree with your feeling for those who are (were) getting close to retiring. Their schedule will probably be delayed some.     Reply
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