Good Morning!
Waiting for something to happen this morning on the news or coverage front but so far nothing on the wire. Crude Oil approaching the Hurricane top at 70 dollars and is up again this morning on world crude market. Notice we're approaching a breakout point here or a triple top...the answer comes soon. Also note the divergence between OIL vs 10 year that has occured since the beginning of the year and has accellerated since late March. Seems to me that the market is saying that rising oil is inflationary and the inflation will work its way through the economy.
joseph cioffi's Source Page - Associated Content
2 comments:
joe
very good point bout oil and inflation
which will win is the question
but oil should be in everyones folio
ive held oil for years
i prefer the trusts both american and canadian
also think the pipes still have a ways to go
i mean the good pipes only dissapointment i own is apl
i may take the loss and move on
your thoughts
thks for the forum
dreiser
Atlas Pipeline Partners is one of my holdings...and its probably being held back since it is involved in Nat Gas and we've had a silent crash there. But this company has hedged it position at higher prices. In the past it has had a tendency to base build for awhile. I think that's whats' happening here...plus the GP IPO coming from Atlas America probably holding this down for now as well.
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