<< comments ... it seem today price pull up is based on - being friday (nobody wanted to be on short by close ) - positive 2 news items ( below ) - low volume day helped pull prices all the way to 110 , on positive news in low vol. days it is easy to pull up prices that to friday .. >> 4/15 OIL -------- Crude Oil Rises After U.S. Consumer Sentiment, Industrial Output Increase http://www.bloomberg.com/news/2011-...fter-u-s-industrial-production-increases.html Oil rose for a third day in New York as - better-than-forecast U.S. consumer confidence and - industrial data bolstered optimism in the economy of the worldâs biggest crude-consuming country. Futures increased 1.4 percent after the Thomson Reuters/University of Michigan April preliminary index of consumer sentiment advanced to 69.6 from 67.5 the prior month. The Federal Reserve said U.S. production at factories rose 0.8 percent in March, the fifth straight gain. âTodayâs numbers show that the U.S. economy is rebounding strongly,â said Jason Schenker, president of Prestige Economics, an energy advisory firm in Austin, Texas. âThe global economic recovery is still on track despite high oil prices.â demand growth -------------------- <b>âThe IEA, EIA and OPEC have all known about high prices and yet they didnât make substantial changes to their oil-demand outlooks,â Sieminski said. âIt doesnât look like higher prices are having a major impact.â</b> Middle east -------------- Elections in Nigeria this month may lead to decreased output from Africaâs top crude-producing country. Attacks by armed groups in the Niger delta region, home to Nigeriaâs oil and gas industry, cut more than 28 percent of the countryâs oil output between 2006 and 2009, according to data compiled by Bloomberg News. âThe situation in Nigeria could get a lot worse after the elections,â said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. âThere could be an upsurge in rebel attacks against the oil industry.â <b>âBrent should trade between $120 and $125 until the geopolitical situation gets better, and that could be a long time,â </b>said Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington.
I did not book mark that PDF/zip file post , guys remind me that post , seems I need to spend some time on it .
I remember him too, mainly from the 90's. Whenever the market would go into a tailspin he would just tell everyone to chill. He was like a reassuring father figure. And like you say he was a permabull.
Is the same true this year into Easter? I vote yes. startraitor Registered: Jan 2008 Posts: 2858 03-29-10 09:25 AM Seasonal pull is up into a driving holiday weekend.
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Good Morning. A bit of a pullback so far. Markets are weak in general. We'll see what the opens bring. Only economic report today is this one, and I'm not sure how important it is. There are a lot of housing reports this week. And the housing market is weak. Apr 18 10:00 NAHB Housing Market Index http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm Here's a general story on the market weakness in Europe. http://www.msnbc.msn.com/id/42641750/ns/business-eye_on_the_economy/