Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
I will be attending a dinner next week and Mr. Faber will be speaking. I will put the highlights for fans of Mr. Faber on my instablog. Stay tuned.
Charlie it's good to see someone have the jam on here to talk about their misses as while as their hits. If I could offer any advice, i cannot emphasize enough the use of the NYSE McClellan Oscillator to aid in entry points. It is excellent to determine market bottoms. Keep at it and good luck.
Oil prices push higher on concerns that sanctions against Iran over its nuclear weapon ambitions could disrupt supply, while data from China and India showing an expansion of manufacturing also provides upward pressure. Brent crude +2.6% to 110.13, WTI crude +2.7% to 101.46. [View news story]
welcome to the world of trading. seeking alpha is a good site as is bloomberg, pragmatic capitalist, and financial times. you might also want to check out my blog oiletftrader@blogspot.com
8 Oil Stocks That Don't Seem To Realize Oil Is Selling For $99 [View article]
here's my two cents: these are buy and hold type stocks that probably correlate with the TSX rather than the price of oil. Oil is a riskier trader so you will see different types of action. If I were you I would check out some correlation comparisons. Having said that, these stocks do have oil's reputation of being volatile so those looking for low risk holds probably put their money into Canadian banks or elsewhere. I am beginning to wonder if demographics play a part as younger buyers shy away from oil sands plays due to negative press. For this sector I'd rather play ETFs and play on oil volatility in short term trades and look for long term dividend plays elsewhere than in energy.
One theory being kicked around up here by Jeff Rubin is that the goal of Canadian oil producers is to get their oil to the southern coastal area refineries to get a higher (Brent) price for their oil rather than selling it at a cheaper price to the midwest refiners.
Oil Prices May Play Out Like It's 2008 [View article]
You are absolutely right Brad, not only OPEC supply but big trading houses manipulate price movement as well. Up here in Canada there is increasing interest by multinationals and China to build a pipeline from the oilsands to the west coast to meet Asian needs. The US's biggest supplier, Canada, is increasingly thinking of Asian markets to buy future supply. It's a zero sum game. As US demand weakens, suppliers will eventually find other higher paying customers. Any dip in price is an excellent to time to buy.
Business Outlook Survey Shows Canada Deserves a Closer Look [View article]
For US readers I have listed 48 stocks of the Canadian TSX Energy Sector with ticker, market capitalization and P/E ratio at my instablog july 13/11. When I have time I will put the banks on also. In about three weeks I will be adding Canadian TSX energy sector technical analysis at my blog along with my current HOU.to analysis. I hope this this helps. Thank you.
Business Outlook Survey Shows Canada Deserves a Closer Look [View article]
excellent article. For Americans looking to invest in Canada, you will want to look at dividend paying Canadian banks to buy on corrections and certainly the energy sector. In our recent election , a majority Conservative government was elected and they are well aware that the current strength and future of Canada is in Western Canada and their is no immediate concern of Eastern based socialist parties putting carbon taxes or other penalties on Western Canada's energy producers. Word in Canada at the moment is that Suncor is a buy at current prices.
way to go! there are far two many negative comments on this site. It's good to see someone like you have the jam to post their numbers. don't let the jerks discourage you.regards.
Today In Commodities: New Ventures [View article]
Stock markets have already digested a significant amount of very bad news, so there's no reason to fear an impending collapse, says Marc Faber. A rare turn for the uber-bear, who's know for his dire predictions. "My view is simply: relax." We have major support going back to August 2010, and even if the S&P does manage to drop, the Fed will just step in with another round of quantitative easing. [View news story]
2011 Performance Review [View instapost]
Oil prices push higher on concerns that sanctions against Iran over its nuclear weapon ambitions could disrupt supply, while data from China and India showing an expansion of manufacturing also provides upward pressure. Brent crude +2.6% to 110.13, WTI crude +2.7% to 101.46. [View news story]
Ahead of Earnings Tomorrow [View instapost]
8 Oil Stocks That Don't Seem To Realize Oil Is Selling For $99 [View article]
Having said that, these stocks do have oil's reputation of being volatile so those looking for low risk holds probably put their money into Canadian banks or elsewhere.
I am beginning to wonder if demographics play a part as younger buyers shy away from oil sands plays due to negative press.
For this sector I'd rather play ETFs and play on oil volatility in short term trades and look for long term dividend plays elsewhere than in energy.
The Oil Price Conundrum: Update [View article]
Oil Prices May Play Out Like It's 2008 [View article]
Thursday Oil Market Analysis: Expect Prices to Move Higher [View article]
Options and Stocks That Can Beat This Market [View article]
Business Outlook Survey Shows Canada Deserves a Closer Look [View article]
Business Outlook Survey Shows Canada Deserves a Closer Look [View article]
Track Record as of 6/29/11 [View instapost]
Trading Week Outlook: Jun. 27 - Jul. 1 [View instapost]
The DeCarley Perspective...Corn, Soybeans and Crude Oil [View instapost]