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  • Wall Street Breakfast: Oil Extends Decline Below $50 [View article]
    "It's time the US creates its own hemispheric conglomerate like OPEC. Take oil out of the market, and forbid it from being traded. "

    And what do you suggest instead? Setting manual prices on oil? LOL! Yeah, government always knows best.
    Jan 6, 2015. 11:18 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Extends Decline Below $50 [View article]
    I'd recently stated that Russia wouldn't need to alter their plans for Ukraine over sanctions or low energy prices because Europe would fold first. However, I gave Europe till Summer. How wrong was I? This came unraveled like a cheap suit. Russia will have no problem in continuing to supply Russia rebels in Eastern Ukraine because Europe is prepared to stick their heads firmly in the sand.
    Jan 6, 2015. 11:08 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Stocks Plunge Following Presidential Vote [View article]
    I'd just as soon see the Greeks bring the left wing back into power. The Greeks have done next to nothing turning their economy over to the private sector free of anti-business labor laws. I never thought they would change this fast. Time is a-waisting. Just put the left back into power, let them threaten to leave the EU and Germany give them their stamp of approval and finally get out of their hair. No other country in Europe is any more ill-equipped to survive free of the EU.
    Dec 29, 2014. 10:02 AM | 2 Likes Like |Link to Comment
  • America's SUV Sales Boom Vs. Tesla's Negative Growth Rate [View article]
    Many also used to complain about Amazon because they weren't making any money. Of course, they were successful in growing revenues, and with that they were given a pass. With Tesla, its neither revenue nor earnings, much like a biotech. But biotechs are priced according to their potential to explode earnings with FDA approval. How would that work with Tesla? As each year passes, more and more auto manufacturers will better there all-electric models, fuel cell vehicles will work their way into the market, and ICE vehicles will continue to engineer their efficiencies with both hybrid vehicles and the standard ICE engines. IMHO, at today's valuations, time is not on Tesla's side.
    Dec 26, 2014. 09:48 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: China Offers Support For Russia's Currency Crisis [View article]
    Until China allows for a free trading currency without range trading caps, it doesn't make much difference. But once they do allow it, China has a whole new set of problems to deal with.
    Dec 22, 2014. 11:51 AM | Likes Like |Link to Comment
  • U.S. to blame North Korea for Sony hack; FireEye adds to gains [View news story]
    This Sony attack seems to be getting more notice from the US government than the last dozen cyber attacks on defense contractors. I don't get the logic.
    Dec 19, 2014. 03:46 PM | Likes Like |Link to Comment
  • Ubiquitii -4.6% on bearish Goldman launch [View news story]
    While emerging market sales will be impinged due to world growth dynamics, this has been known for a while. Where's this guy been? Next thing you know he'll be predicting gasoline at less than $4 a gallon. A sell rating at this point is a little absurd.
    Dec 19, 2014. 03:44 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Global Shares Rise On Upbeat Fed [View article]
    It provides the Cuban government with a lifeline it needed as Venezuela tires of their barter trade for oil. Currently, American Cubans send to their extended Cuban families $2B a year. The Cuban government's cut of that $2B is $1.8B. Only 10% to the families. I figure this will lead to more tourism which will be just another way to empty the pockets of Americans in support of their failed state.
    Dec 18, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • Everything You Need To Know About The Geopolitics Surrounding Crude Oil [View article]
    "Falling crude oil prices make a deal between Iran and the West more likely as Tehran becomes desperate for revenue...."

    Uh, no! Iran hasn't spent 6 years of sanctions while building their nuclear capabilities only to now give up when they're on the verge of reaching their nuclear goal. In fact, the Obama administration has provided Iran relief twice now with the extension of talks. The US has blinked so many times it would be comical if it weren't so tragic. Time has been on Iran's side and blue sky is ahead. IMHO, the only question is how will the Obama administration spin an agreement with Iran that actually amounts to accepting the terms Iran proposed 6 years ago?
    Dec 17, 2014. 12:27 PM | 2 Likes Like |Link to Comment
  • Oil Doomsayers Were Wrong In 2009: 4 Reasons Why They Are Wrong Now [View article]
    While I believe we're due for a bounce in oil, I also believe we might see sub $50 WTI into the 1st quarter. Until we see a sudden drop in oil inventories, the trend downward will continue. Truly, China has more to do with where oil will go than any other nation. The US may consume more oil, our demand has been declining for years. China and India both fuel the worldwide demand, and their economies fuel the other emerging nations' growth of demand. Recently China has been building up reserves of crude all while oil has continued to plummet. What happens when they can't store any more?
    Dec 17, 2014. 12:05 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Prices Slide Ahead Of Fed Meeting [View article]
    The new sanctions bill isn't mandatory so its not too likely anything more will be added as Europe is having a difficult time with what they've agreed to already. Truly, I'd like to see these sanctions have a positive effect on Putin's plans for Ukraine, but it seems very unlikely. Russia has plenty of reserves to support the average Russian during this difficult time. Of course, imports will disappear from shelves but Russians have dealt with that type of problem for 100 years. The people most hard hit are the oligarchs who won't be criticizing Putin publicly if they know what's good for them. They know Putin will just arrest them for tax evasion and steal their possessions. I see the weak link in the sanctions strategy is Europe. Europe is in a recession. They will be the first to begin rumbling about the effect sanctions have hurt the European economy. I figure they'll be done with sanctions by June at the latest.
    Dec 17, 2014. 11:57 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Dollar Gains On Upbeat Fed [View article]
    IMHO, the Russians owe the Ukrainians for decades of abuse while under Soviet rule. Besides occupying their nation for decades, Russia installed that crappy Chernobyl nuclear facility that killed many people in the area. With all that in mind, Russia ought to be negotiating less and surrendering to a deeply discounted natural gas stream to Ukraine for the next hundred years.
    Oct 30, 2014. 08:54 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: ECB Tests Find That 12 Banks Need To Raise $12B [View article]
    I see the Brazilians are every bit as stupid reelecting Rousseff as American voters were to reelect Barack Obama. The race to the bottom continues.
    Oct 27, 2014. 09:13 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: EU CPI Data Adds To Deflation Fears [View article]
    Saudi Arabia learned its lesson from the 1980s when in order to support prices they slashed production dramatically while the rest of OPEC over produced. That spelled the end of cooperation within OPEC. Since then, its all been dependent upon demand growth, which the Chinese have been fulfilling since 2000. Anyone that thought this was about sticking their finger in the eye of Iran and Russia must see that's just an added benefit.
    Oct 14, 2014. 09:53 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Saudi Prepared For Crude To Stay Low - Report [View article]
    Except that US oil consumption has started to rise again. It peaked back in 2006, fell through 2011 and has started to rise again since 2011.
    Oct 13, 2014. 09:25 AM | 1 Like Like |Link to Comment