User 86999

Tuesday Outlook: Commodities, Global Markets

David, thanks for your continued commentary. I notice that you're using the McClellan Summation from some other site (decisionpoint?), but it is also available on stockcharts ($NYSI), where you're making the rest of your charts. Just saying!

Busted: 6 Economic Myths

"And with 60% of U.S. oil imported, a good chunk of those profits from high oil and gas prices are going into the pockets of governments in the Middle East, Venezuela, and Russia and not back to Texas or Exxon shareholders."

Not true.

The profits do not go back to those countries and their governments. Whatever was charged by the exporting countries is already deducted as expenses before you get the profits. That's an accounting error. Are there accounting errors in other myths as well? I didn't have time to check, but someone might.