It is becoming clearer by the week that the rally that was ignited last August on the heels of QE2 is running out of gas. If prices did move higher, it is possible that this could be construed as bullish as it does take bulls to make a bull market. But being so late in the rally, it would seem that any potential gains would be just crumbs to the gains that have already been made. Furthermore, without a sell off to move investors and cash to the sidelines, it is hard to see a rally of any significance developing. Call me a non-believer, but the market really needs to sell off and investors need to turn bearish (i.e., bull signal) before any real umph returns to this market.
Monday, May 23, 2011
Tuesday, May 17, 2011
I am in the process of upgrading this website/ blog to a fresher look and feel, so my attention has been turned to these efforts. Blog posts will be limited while the new site is under construction. Hopefully, this will be complete by next week. Please pardon the mess and inconvenience.
Monday, May 16, 2011
The morning news notes as prepared by TL...debt ceiling hit, IMF head caught in scandal, a "technical" default may not be so bad, FOMC minutes out on Wednesday, and White House to accelerate domestic oil production.
Saturday, May 14, 2011
Friday, May 13, 2011
It appears that the Google Blogger site had some difficulties in the last 24 hours. The two articles that I wrote on the United States Oil Fund (symbol: USO) yesterday have disappeared into the heavens. Well not quite...I found them out there....somewhere ....and they may be accessed by clicking on the links below.