Gene Jaquet

Gene Jaquet
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  • Commodity Stocks Up; Healthcare Gutted - Bezek's Daily Briefing  [View article]
    He could give Trump a run for his money. I don't know if he's been divorced 3 times, but he certainly measures up to Trump in terms of bankruptcies and a big mouth.
    Feb 5, 2016. 12:11 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    China did sign the Paris accords. In fact they were instrumental in the success of the negotiations.

    Re: comments above about devaluation of the Yuan - the whole point of a devaluation would not be to help the export sector (read: the manufacturing sector, which is now given less emphasis that the service sector) but instead to staunch the massive outflow of capital seeking safe harbor. Estimates are that over $1T has left China over the last 18 months. Net. Their dollar reserves may be huge, but they are slowly evaporating.

    Of course, like most things economic, it's a self-feeding cycle: the more people fear a devaluation of their currency, the faster they're going to convert to dollars, which just brings forward the day when it's devalued.
    Feb 5, 2016. 12:00 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Market Awaits Jobs Report  [View article]
    Question : what could possibly be worse than an investment in a Russian oil company?
    Answer : investment in Mechel, a Russian coal company.
    Feb 5, 2016. 07:19 AM | 24 Likes Like |Link to Comment
  • Wall Street Breakfast: ChemChina Makes $43B Offer For Syngenta  [View article]
    What do you make of this, Al : the offer for Sygenta is 20% above yesterday's close, but the stock is up only 4% AH. Hmmm...
    Feb 3, 2016. 05:02 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: ChemChina Makes $43B Offer For Syngenta  [View article]
    The Saudis started the price war by ramping up production "to preserve market share". That's a smokescreen. They did it to thwart Iran's re-entry into world markets. Given the hostility between the 2 countries this thing could go on for ages.
    Feb 3, 2016. 04:08 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: ChemChina Makes $43B Offer For Syngenta  [View article]
    Go live in Bermuda
    Feb 3, 2016. 04:04 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Alphabet Becomes World's Most Valuable Company  [View article]
    @ zorrow "a range for crude that is acceptable to the national interests of the producers and consumers" Would you care to suggest some numbers? A price acceptable to all?

    If it's higher than today's $30 then I get stiffed each time I buy a plane ticket or fill up my tank..

    However well intentioned you may be (and I don't doubt that you are) you are in fact advocating a cartel so as to raise prices, and I don't agree. If someone can make stuff cheaper than we can, for example a barrel of oil, then they should pump away and we should concentrate on applying jobs and money to make those things that we can make cheaper than them. And since we're talking about the Saudis, there are a gazillion things that fit the bill.
    Feb 2, 2016. 01:58 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Alphabet Becomes World's Most Valuable Company  [View article]
    @ Zorrow : Let me get this straight. You advocate taxing (and that means the government taking money out of my pocket) Saudi Arabian oil imports, with a tax so high that US oil production once again becomes economic.

    I don't know where to begin. Perhaps with the sheer insanity of the end result : this would ultimately enrich the owners of oil companies at the expense of ordinary consumers, to the tune of many tens of billion dollars.

    Or perhaps with the fallacy of such a policy : if you only tax Saudi oil, others will very quickly fill the gap, and even the Saudis will route their oil through third countries. It will fail.

    Or perhaps with historical precendent : look at Hawley-Smoot in the 1930's and how that caused tit for tat increases in tariff barriers with as a direct consequence the Great Depression.

    Or with the madness of advocating more government taxes and interference when we have enough already.
    Feb 2, 2016. 10:37 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Alphabet Becomes World's Most Valuable Company  [View article]
    The Saudis are not dumping.

    Dumping refers to selling product at below it's cost of production. We can argue about how to define that, but most estimates put the marginal cost of producing one barrel of Saudi oil at $3, and the all-in cost at $10.

    That's a far cry from the current $30 spot price.
    Feb 2, 2016. 08:43 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: What Will February Bring?  [View article]
    "El Presidento sent The Server 18 e-mails, thus becoming an accessory to gross negligence (whilst claiming he first heard about it via the media); if true, this is an outright lie."

    Yeah right, like you know the exact identity of every server used by every person you send an email to, don't you? I've heard ludicrous comments before but this takes the cake.

    I am one of the "normal, non-partisan Americans" you refer to and quite honestly I don't give a hoot about the server.
    Feb 1, 2016. 02:10 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Facebook Gets Big Earnings Boost  [View article]
    Picked up some FB shares right after the bounce last week. This will help make up for some of the losses since the start of the year. Well, just a little bit...
    Jan 28, 2016. 11:59 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Facebook Gets Big Earnings Boost  [View article]
    I was working for CBS at the time, in the Blackrock building in NYC. There were (obviously) TV screens everywhere so you couldn't miss it.

    Apart form the shock of the event itself, my recollection is of the extremely poor performance by Dan Rather, who didn't have a clue how to handle the situation, and couldn't understand what any of the 'experts' were saying in the hours that followed.

    He clearly was lacking in grey matter, and I wonder if that had anything to do with his subsequent decline and exit.
    Jan 28, 2016. 11:56 AM | 4 Likes Like |Link to Comment
  • Kinder Morgan upgraded at Credit Suisse, which sees 40% upside  [View news story]
    "the more product, the higher the income" And by the very same token, the less product, the lower the income.

    The whole point of the oil glut, according to those who created it and should know best (the Saudis) is to recapture market share. That means driving US and other marginal producers out of business, or at the very least curtailing their production. So for US-centric KMI, that means less product. Thus lower income. It's blindingly obvious.

    There can be only 2 outcomes : either the Saudis relent and prices rebound, such that US oil volumes might increase again, or the Saudis stick it out and US production remains stuck at lower levels, i.e. a level where $30 or $40 shale oil is profitable.

    In both cases you are taking a punt on what the Saudis decide.
    Hardly a low risk investment logic.
    Jan 28, 2016. 11:41 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Executive Exodus At Embattled Twitter  [View article]
    Major economic windfall for Iran as result of sanctions relief - this is excellent news. The greater the benefits, and the more they trickle down throughtout the economy, the harder it will be for the political masters to backtrack on the nuclear deal, both now and for years to come.
    Jan 25, 2016. 08:42 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Massive Rebound For Battered Stocks  [View article]
    James - your VLO position has been doing pretty well (relatively speaking) over the last 12 months. Will you be taking profits? Or perhaps wait till oil breaks below $25. The worse the oil price gets the better the stock should perform.

    CAT is another story - earnings growth is driven by mining activity, and the commodity slump shows NO sign of easing. Careful.

    Pretty much the only bright spot in my portfolio is ULTA, a boring business in the boring consumer discretionary segment. But it's up 25% over the past year. Wish I could say the same for my financial sector investments...
    Jan 22, 2016. 09:53 AM | 4 Likes Like |Link to Comment
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