DID YOU EVER IMAGINE

I don't know about you but if you asked me back in July that in 4 months oil would drop 100 dollars a barrel, nat gas would be under 6, and gasoline nationwide would be straddling 1.50 a gallon i would not have taken that trade. Drops in price yes but not to the magnitude we've seen. And as i have explained to many people that at this point the drop continuing is not a good thing. It is telling us the economy is circling the drain.




Of course there are those who point to "they" which is that group out there that controls everything. "They" drove it up...and now "They" drove it down! I often wonder when people espose "they"; what they are doing is implicating themselves. If they knew...and you know that they knew...then you knew! And if you knew and didn't go short...you are a fool. Tough to follow isn't it! But then again you knew that. Or are you they?

Okay enough of this...its all about the employment numbers and they look to be bad. But yesterday's late selloff probably discounts bad to even very bad numbers. No corporate news in MLP land and no upgrades or downgrades. Energy is higher this morning as the complex shows a dead cat bounce. Bond yields continue to hover near record lows. All part of the new normal!