Some days its like watching paint dry and this is one of those days. As one poster put it yesterday....zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
The MLP index is down just a handful of ticks. Dow back over 12900. Oil trying to sell off but not having alot of success there.
Wake me up please?
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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1 comment:
If oil drops rapidly it won't be as good for the overall stock market as a person might think because energy and materials have been propping it up. It might get ugly if XOM, CVX, COP etc. are dropping AND we get some bad news out of the financials.
I think the fed has lost control of inflation. If they have to start raising rates to "combat" inflation, won't that hurt the net interest margins on the financials?
Anyway, in my humble opinion, they won't be able to stop the rise in commodities without killing the economy. If they kill the economy, then it won't matter. The slope of the rise in energy and other commodities should become less steep but the general direction will be up for a long time.
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