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Just 3 Energy Charts
Because "fun-durr-mentals." Oil prices are now lower on the day, and significantly off the highs...
but energy stocks are surging...
And while energy credit spreads are tighter, the move in energy stocks is exuberant to say the least.
We are sure stocks are correct... they always are, right?
Charts: bloomberg
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long pawn shops in texas
Can't wait to hit a few Jan. gun shows in Texas.
Long Ammo
FUN~damentally, I paid $2.28 a gallon for 87 octane yesterday. I gotta admit that was actually fun.
I bet this whole thing was just a shakedown against who ever went long oil back when ISIS became a problem.
oil up = economy recovering = stocks up
oil crashing/down = profits up for non oil companies = stocks up
this feedback loop applies to many current situations
news good or bad = is meaningless = this is the feds game
The formula is actually quite simple:
[fill in this blank with any economic statistic] = Stocks Up.
Somebody wll be holding a huge, steaming sack of shit when the music stops but it won't be GS.
Bring back the jokes in West Texas in the 80s.
Banker made a splash by emerging from his office In Midland yelling to the guy with the teller,
"Congrats, you are our one millionth customer and we want to present you with a brand new drilling rig!!".
"What happened, Dickhead, did you run out of toasters?".
"The only one that can afford a deposit on a new Rolls is a pigeon."
Many more, but this too, shall pass. The bigs will buy the properties of the busted for pennies and game-on again. Oil to 120 per bbl.
Gotta get those calls!!!
In 3 yrs of trading, this is the first day 20” monitors don’t suffice (may need to rotate them vertically to contain the pre- and post-Yellen euphoria on a single screen . . .)
That top chart has the rare "Cat Poking Head From Under Blanket" formation. It is usually a good indication that prices will change in the future.
Thought so.
The second one is the "scalded cat" formation,
indicating nobody knows nuttin about future price movements.
I had that one as a "Surprised Cat Raises Tail Doji". I think you are more accurate in your wave count.
I wonder what a few Russian subs off Saudi Arabia's East coast would do to this graph...
Given Saudi support of terrorists in Syria, Iraq, Chechnya, and likely involvement in some nasty bombings, Ivan would not be without good reason to 'negatively impact' Saudis' capacity to finance "terror."
Anyway, lest we forget - winter is coming.
There have been russian nuclear subs quietly hiding in the canyons of the atlantic shelf for literally decades .... the Navy used to know about them, back in the Reagan era, but I guess they have forgotten by now ....
My wife's Jeep is having a remote starter installed today (Christmas gift). I don't know why I bothered. At these prices we should just leave it running 24 hours a day.
I'm gonna trade in my boring sedan on an SUV with a Lingenfelter Performance Engineering twin turbo kit. I think I really do need 800 HP to get me where I'm going.
so you 'nixed' the dildo idea? or [remote starter] are we really talking about the same thing?
Um.... no. No, I don't think we are.
I was thinking about just lighting a bucket of gasoline in my place for heat this winter.
Lit my burn pile with a gallon of unleaded the other day and it flashed and burned my eyebrows off. Ahhh, I live the smell of burnt hair in the morning
See, it's all better, credit's just saving up so it can catch up to the stocks. You know those savvy equity markets, always showing the way for the slow-witted credit guys. I can't wait for the recovery! I thought it was going to be a gloomy Christmas, but this is setting up to be a huge adrenalin rush to the upside! Thanks Saudis! Thanks Barry! And Thank You most of all Janet!
Equity guys have always been smarter than credit guys*
* The last 5 years is considered "always" for the purposes of this discussion.
I think anyone with any knowledge of the markets knows by now that the "oil collapse" is due to financial shenanigans. The actual oversupply was addressed at $80/bbl, the rest is piling on by shorts who will pay later.
oil price at 100 and even here is due to financial shenanigans
Says who? You? What do you know? Gold should be $20/oz then and silver at $1.29 after all, gold never goes away and it's basically worthless shit that piles up and doesn't do a thing for those who own it. How do you feel about that? Defend a price for gold higher than $20/oz on the basis of it's value and utility to the average man. Go ahead, I dare you.
Yeah, you tell it all, brother, tell it all. Fuck all of that hocus willing buyer- pocus willing seller bullshit myth. We emotional humanoids have been screwed up for the past several thousand years. But, I like your passion about this flat Earth.
Seriously, I have great respect for anyone bucking conventional thinking. Every contribution to our existence has been put forth as a lone starry-eyed dreamer that everyone thought was crazy. Meanwhile, the stupid doctors were nurturing ulcers with crackers and milk. That is, until one wildman in Australia shouted at the heavens and gave himself the Pylori bacterial ulcers and then cured himself. Nerves induced ulcers, my ass.
DUHH!!!
OIl dead cat bounce : near end
And there'll be a giant 'WHAP' at the bottom.....