One of the simple, yet cool, functions of The PPT is the ability to monitor stock price performance over numerous time frames. Here is some raw data on the type of damage that has been done to certain stocks, over the past month.
Market Cap (100m-250m)
| No. | Ticker | Market Cap | Sector |  1-month Return |
| 1 | DRL | 185,029,268 | FINANCIAL | -56.78 |
| 2 | RNN | 121,028,243 | HEALTHCARE | -50.00 |
| 3 | FBP | 161,949,764 | FINANCIAL | -39.86 |
| 4 | DRWI | 220,870,804 | TECHNOLOGY | -39.33 |
| 5 | ALVR | 151,019,577 | TECHNOLOGY | -39.18 |
| 6 | AGYS | 163,751,484 | TECHNOLOGY | -38.43 |
| 7 | LNG | 192,402,853 | BASIC MATERIALS | -36.42 |
| 8 | ACUR | 154,799,336 | HEALTHCARE | -36.35 |
| 9 | CPIX | 160,682,738 | HEALTHCARE | -34.68 |
| 10 | XIN | 197,194,741 | INDUSTRIAL GOODS | -34.10 |
| 11 | GRO | 101,898,000 | CONSUMER GOODS | -33.64 |
| 12 | TUES | 246,897,163 | SERVICES | -32.65 |
| 13 | ERII | 223,819,604 | INDUSTRIAL GOODS | -32.33 |
| 14 | IPSU | 140,966,377 | CONSUMER GOODS | -32.00 |
| 15 | GBE | 102,611,181 | FINANCIAL | -31.88 |
| 16 | NCTY | 123,481,686 | SERVICES | -31.22 |
| 17 | NEP | 160,025,000 | BASIC MATERIALS | -29.39 |
| 18 | AZC | 201,793,062 | BASIC MATERIALS | -29.34 |
| 19 | UCO | 234,493,000 | FINANCIAL | -29.24 |
| 20 | PNSN | 196,690,301 | FINANCIAL | -29.18 |
| 21 | CKEC | 173,503,183 | SERVICES | -29.09 |
Market Cap (250m-500m)
| No. | Ticker | Market Cap | Sector | 1-month Return |
| 1 | CSIQ | 474,817,758 | TECHNOLOGY | -42.10 |
| 2 | PMI | 371,887,506 | FINANCIAL | -38.84 |
| 3 | ABK | 421,035,060 | FINANCIAL | -36.93 |
| 4 | AVNW | 267,363,730 | TECHNOLOGY | -36.49 |
| 5 | AEA | 278,625,084 | FINANCIAL | -33.83 |
| 6 | EXXI | 447,439,605 | BASIC MATERIALS | -33.07 |
| 7 | YRCW | 456,835,714 | SERVICES | -32.14 |
| 8 | UTSI | 280,121,585 | TECHNOLOGY | -32.00 |
| 9 | CSR | 352,222,611 | SERVICES | -31.06 |
| 10 | WATG | 286,116,949 | CONSUMER GOODS | -30.70 |
| 11 | JST | 251,216,330 | TECHNOLOGY | -30.63 |
| 12 | GAP | 347,517,788 | SERVICES | -30.34 |
| 13 | EDC | 317,250,000 | FINANCIAL | -29.13 |
| 14 | FRPT | 313,422,664 | CONSUMER GOODS | -29.08 |
| 15 | BWEN | 344,834,357 | INDUSTRIAL GOODS | -28.77 |
| 16 | RINO | 390,149,298 | INDUSTRIAL GOODS | -28.15 |
| 17 | VITC | 272,889,827 | SERVICES | -27.82 |
| 18 | CTIC | 302,093,662 | HEALTHCARE | -27.81 |
| 19 | PAL | 496,793,899 | BASIC MATERIALS | -27.72 |
| 20 | FSS | 346,793,991 | CONSUMER GOODS | -27.60 |
| 21 | MNI | 295,805,733 | SERVICES | -27.09 |
Market Cap (500m-1b)
| No. | Ticker | Market Cap | Sector | 1-month Return |
| 1 | ITMN | 569,681,422 | HEALTHCARE | -76.74 |
| 2 | RDN | 819,070,132 | FINANCIAL | -47.46 |
| 3 | SPWRA | 668,930,939 | TECHNOLOGY | -35.76 |
| 4 | ATPG | 774,406,476 | BASIC MATERIALS | -35.28 |
| 5 | NPD | 596,039,740 | SERVICES | -34.26 |
| 6 | FORM | 698,536,587 | TECHNOLOGY | -33.71 |
| 7 | MMR | 989,838,402 | BASIC MATERIALS | -31.32 |
| 8 | FIRE | 509,914,340 | TECHNOLOGY | -28.17 |
| 9 | POWI | 937,020,362 | TECHNOLOGY | -27.28 |
| 10 | BPZ | 601,468,894 | BASIC MATERIALS | -26.98 |
| 11 | USU | 509,743,075 | BASIC MATERIALS | -26.57 |
| 12 | LIZ | 612,360,194 | CONSUMER GOODS | -25.73 |
| 13 | SGY | 718,690,481 | BASIC MATERIALS | -25.58 |
| 14 | SMCI | 504,643,112 | TECHNOLOGY | -25.54 |
| 15 | BWLD | 693,703,200 | SERVICES | -24.82 |
| 16 | AXL | 610,086,396 | CONSUMER GOODS | -24.32 |
| 17 | ATHN | 943,928,550 | FINANCIAL | -24.23 |
| 18 | GMK | 932,841,922 | CONSUMER GOODS | -24.05 |
| 19 | FBC | 858,418,495 | FINANCIAL | -24.01 |
| 20 | GXDX | 508,527,103 | HEALTHCARE | -23.91 |
| 21 | BEBE | 636,199,018 | SERVICES | -23.32 |
Market Cap (1b-5b)
| No. | Ticker | Market Cap | Sector | 1-month Return |
| 1 | GMCR | 1,030,973,105 | CONSUMER GOODS | (not accounting for 3:1) |
| 2 | TIVO | 1,170,961,975 | SERVICES | -44.16 |
| 3 | DF | 1,780,667,477 | CONSUMER GOODS | -38.47 |
| 4 | TSL | 1,276,236,383 | TECHNOLOGY | -36.84 |
| 5 | CIE | 3,220,048,732 | BASIC MATERIALS | -35.58 |
| 6 | UIS | 1,051,168,602 | TECHNOLOGY | -33.74 |
| 7 | AGO | 3,005,085,115 | FINANCIAL | -33.39 |
| 8 | MTG | 1,806,013,198 | FINANCIAL | -32.70 |
| 9 | SMI | 1,851,915,817 | TECHNOLOGY | -32.06 |
| 10 | STP | 1,568,158,152 | TECHNOLOGY | -31.46 |
| 11 | WFR | 2,663,039,440 | TECHNOLOGY | -31.38 |
| 12 | CEDC | 1,895,134,478 | CONSUMER GOODS | -30.84 |
| 13 | HAR | 2,453,657,907 | CONSUMER GOODS | -30.04 |
| 14 | CETV | 1,439,826,261 | SERVICES | -29.81 |
| 15 | AKS | 1,627,734,414 | BASIC MATERIALS | -29.72 |
| 16 | AIB | 1,414,390,778 | FINANCIAL | -29.05 |
| 17 | NTY | 2,193,961,365 | HEALTHCARE | -28.74 |
| 18 | OTE | 4,342,732,447 | TECHNOLOGY | -28.72 |
| 19 | YGE | 1,182,715,779 | TECHNOLOGY | -28.15 |
| 20 | PXP | 3,349,791,000 | BASIC MATERIALS | -27.85 |
| 21 | AONE | 1,109,147,785 | INDUSTRIAL GOODS | -27.63 |
Market Cap (5b-10b)
| No. | Ticker | Market Cap | Sector | 1-month Return |
| 1 | NBG | 8,365,096,164 | FINANCIAL | -30.75 |
| 2 | FBR | 7,884,698,785 | CONSUMER GOODS | -27.68 |
| 3 | CLF | 7,167,060,064 | BASIC MATERIALS | -27.16 |
| 4 | MTL | 9,220,397,002 | BASIC MATERIALS | -26.83 |
| 5 | NVDA | 7,391,532,194 | TECHNOLOGY | -26.38 |
| 6 | ALU | 5,980,596,910 | TECHNOLOGY | -25.15 |
| 7 | PCLN | 9,495,796,510 | SERVICES | -24.33 |
| 8 | MCO | 5,109,720,000 | FINANCIAL | -23.28 |
| 9 | STM | 7,237,468,584 | TECHNOLOGY | -21.85 |
| 10 | RYAAY | 6,895,306,805 | SERVICES | -20.49 |
| 11 | TNE | 5,778,910,160 | TECHNOLOGY | -19.34 |
| 12 | CF | 5,054,621,495 | BASIC MATERIALS | -19.05 |
| 13 | X | 7,334,086,127 | INDUSTRIAL GOODS | -18.98 |
| 14 | IVN | 6,237,061,112 | BASIC MATERIALS | -18.67 |
| 15 | DO | 9,940,371,727 | BASIC MATERIALS | -18.19 |
| 16 | MFE | 5,196,965,109 | TECHNOLOGY | -17.92 |
| 17 | JOYG | 5,128,336,884 | INDUSTRIAL GOODS | -17.89 |
| 18 | CAM | 9,096,478,347 | BASIC MATERIALS | -17.88 |
| 19 | ESV | 5,689,170,500 | BASIC MATERIALS | -17.49 |
| 20 | FSLR | 9,652,404,538 | TECHNOLOGY | -17.08 |
| 21 | CCH | 8,191,734,410 | CONSUMER GOODS | -16.84 |
Market Cap (Over 10b)
| No. | Ticker | Market Cap | Sector | 1-month Return |
| 1 | MT | 48,577,046,049 | BASIC MATERIALS | -28.73 |
| 2 | RIG | 20,792,448,660 | BASIC MATERIALS | -28.30 |
| 3 | NOK | 38,984,992,501 | TECHNOLOGY | -27.10 |
| 4 | BAX | 25,319,423,780 | HEALTHCARE | -26.60 |
| 5 | V | 38,408,148,307 | FINANCIAL | -25.14 |
| 6 | VE | 13,012,096,659 | UTILITIES | -24.91 |
| 7 | BCS | 50,581,816,063 | FINANCIAL | -24.74 |
| 8 | STD | 85,252,440,000 | FINANCIAL | -24.58 |
| 9 | RTP | 17,383,889,250 | BASIC MATERIALS | -23.73 |
| 10 | SID | 22,775,257,009 | BASIC MATERIALS | -23.55 |
| 11 | TCK | 18,619,405,242 | BASIC MATERIALS | -23.40 |
| 12 | BP | 145,797,948,613 | BASIC MATERIALS | -22.89 |
| 13 | ABB | 40,260,860,258 | INDUSTRIAL GOODS | -22.85 |
| 14 | WBK | 62,736,263,165 | FINANCIAL | -22.78 |
| 15 | VALE | 140,691,428,776 | BASIC MATERIALS | -22.00 |
| 16 | MA | 23,364,083,051 | FINANCIAL | -22.00 |
| 17 | SLT | 12,925,358,490 | BASIC MATERIALS | -21.63 |
| 18 | ACH | 11,328,112,824 | BASIC MATERIALS | -21.29 |
| 19 | APC | 28,289,479,360 | BASIC MATERIALS | -21.03 |
| 20 | DB | 37,901,436,000 | FINANCIAL | -20.26 |
| 21 | LINTA | 23,388,671,683 | SERVICES | -20.26 |
Some incredible damage there, really shows you the need to always follow your stops.
I owned at least 6 names in that list and dumped all but 1 before any real damage. That one was a small position but that was no excuse, needless to say I dumped it last week.
Yeah, those monthly returns are lightin’ up the pearly whites of holders everywhere.
Reply with a “like” or something if you’d enjoy a PPT 2.0 that gives you the ability to do this:
Create a screen of ‘high short’, ‘low float’, ‘high cash per share’ stocks ‘over 5’. Then, sort those results to show me the ‘top 20th percentile’ of ‘THREE week’ ‘hybrid’ scores, then sort that ‘ascending to descending’ by stocks with the ‘biggest negative 2 day hybrid change’
The apostrophes signify a user-definable input.
since I am hard at work throwing ham via email at Fly and J all day, please let J know that his hard work to bring this advanced functionality to the PPT is worth it. Because I know it is.
By the way, that scan would identify stocks most prone to having sharp short squeezes, that are in the top twenty percent of the entire market in terms of hybrid score, that have experienced a sharp 2 day sell-off, prone to mean-reversion (to the upside), should a squeeze ignite.
No such stock may exist, but if you want to scan for it, let your voice be heard.
FBP…….that might be what your looking for
Danny
All we need to do is get time frames organized for hybrid scores. That is already on my list
I just copy pasted that more or less from the doc I shared with you PPT suggestions 2.0.
so my list as well.
but yeah, I know it’s not hard to implement, you just basically have to add the columns in. In any event, I’m excited for the new additions
Love the PPT.
It would be great if the overall hybrid PPT score is more prominently displayed on the subscriber site. It would also be great to be able to view it without repeatedly logging in, maybe have some iphone app that updates subscribers over the trading day.
Even a subscriber-only twitter or email with overall hybrid PPT scores would be helpful, as several of us cannot site in front a computer screen hitting refresh over and over again.
Thank you for all your hard work.
ibankcoin apps for Android phones would be fucking sweet also
YES on having twitter feed updates ! life changing for the employed…
Fly,
Can you give one clue as to what you look for when assessing whether or not to accumulate when the market is puking? P/B, P/E, Historical P/E for Sector, etc. Also, do you wait for the panic puke or could it be a trigger that hits when there is just a steady drip southward?
Many thanks
It seems as if the overall market has been rather strong relative to the parabolic moves in VIX, treasuries, dollar, euro, european indices, etc… Besides the “flash crash” the declines have been fairly tame.
Does this strength mean that we will be in a good position to rally once the euro-fucks get some sort of temporary solution in order? Or is our market just floating on air, deluded of what’s really going on?
A: Floating on air… Personally I believe there is so much hitting the market that participants are having trouble sorting it all out. One hour it’s currencies, the next hour it’s sovereign debt, the next it’s some other domestic issue, then it’s some eff’ed up robot trading. Most times there’s a couple of major themes to sort out and be on the right side of. Now there is a seemingly random shit parade.
I certainly can’t keep up or try to figure what the market is trading on today or the next hour. I took a defensive position in mid-March and I’m letting it ride until things sort out (or VIX gets to 80 or 100 whichever comes first). I AM waiting for a monster short squeeze in the euro, which may provide a spot to put on some shorts, but other than that it’s watch in wonder as the markets try to figure it all out.
Vix is pricing in structural instability that has dick to do with europe
Everything’s connected
Alvari
Banks: p/b
Everything else: fpe/roe/gross margins etc
Slim
Working on it
Long a couple names above to ~5% of total portfolio. Lol.
The market hasn’t hit an eternal top, hence each dip represents opportunity. I am still not scared (nor down a scary amount at all despite my long bias, albeit low beta) … so I don’t think we are done yet. For 15 months we have bottomed when I was scared or at least thoroughly annoyed…
February lows I busted the shit out of my laptop. The entire scenario was described in detail in the PPT. Said laptop incident happened within 10 minutes of the absolute bottom of our Jan – Feb crash. I kid not.
I have been tempted to destroy other pieces of office equipment over the last three weeks. So far everything is still in one piece. Hence, we go lower from here.
I’m short two of those currently (PXP and AKS) and have another few on my watch list.
On the same day a respected bull turns bearish, our very own The Fly goes full FAZmobile on us. Run for the hills!
Who is the repected contra-indicator, may I ask?
dan sullivan
Sax, I don’t know Dan Sullivan,what is his method of analysis? As much detail as possible if you can…I googled him and found some guy and his mom’s money, is that him?
look up the chartist
Sax, Thanks…he is the same guy with his Mother….OK, looks like he is a straight trend follower ….”let the market lead you” etc….no fundie, Macro, etc…thank you Sax, I always like to look at others analysis methods.
Nuttin to worry about. Overnight futures will be green by morning guaranteed. Europe will announce full blown Quantitative Easing and the Fed will announce $1000000000 Trillion will be dropped from helicopters over every major metropolitan area on earth. Also Fed will probably announce that all stocks are now FDIC insured against losses and all downticks are illegal so market can only go up. This market will NOT under any circumstances be allowed to drop below the 5/6 flash crash low even if they have to turn every currency into toilet paper to prevent it… When given the choice between Hyperinflation and a bear market the Bernanke Fed will definitely choose Hyperinflation. That is what the price action in Gold is telling you loud and clear. Deflation is a crock. Buy GOLD now before it’s too late!
This decline has everything to do with europe
Then we’ll bail out Europe. More and bigger currency swap lines. Print Print Print the sky is the limit. There is no down only up. Central Bankers will monetize every bad debt and monetize the stock market if necessary. Everything is too big to fail now. Losses and failure are a thing of the past all you have to do is print more money that’s the answer to every problem. But Hyperinflation will be the outcome so you gotta own shitloads of Gold as paper currencies will all become worthless due to the out of control money printing.
LOL. I know this clown is a satirist, and yet, I enjoy him.
__________
BP & RIG deserve to be on that list, bastards.
Fly,
How do you feel about your vote for “hope and change” now?
Politics don’t matter do they?
Get ready to bend over on your capital gains.
CHEESE
It’s all the same racket. GOP and DEMS: NO DIFFERENCE.
Right, the GOP would be advocating tax increases.
Keep deluding yourself, Monsier Le Docteur.
__________
Jake,
As a Republican who held his nose and voted for McCain (I voted for Romney in the primary), I’m not sure we would have been better off had he won. We would have avoided Obamacare, but we might be stuck with the son of McCain-Kennedy by now. Also, think of how hammered the GOP brand would be if the last two years of this turd-flavored economy happened on our watch.
I don’t think most Dems fully understand yet the extent to which their victory in ’08 was a poisoned chalice. I think many of them actually believed the talking points that Bush’s fairly modest tax cut was the core of our economic problems, and that a return to Clinton-era rates for top earners would bring back bubble-era prosperity. They don’t get that we’re coming off a decades-long cheap credit bender, and the hangover is going to keep sucking for years. Their Santa Claus / free ice cream for everyone policies offer no solution to our structural economic problems.
Not that some of the GOP deadwood has solutions either, but on the bright side we’re getting some new faces in the mix now (e.g., Rand Paul, Scott Brown, Chris Christie). If we can keep cleaning house in the GOP, we’ll be well-positioned to win back Congress and the White House with som folks willing to give America the bitter medicine it needs. Then maybe by 2018 or so, the economy will be in rude health again and we’ll be on the verge of our next secular bull market.
Ruefully agreud!
__________
so what are you telling us…
McCain/Palin would be doing a better job?
nice one…
Indie,
I’m saying Hillary Clinton and Al Gore could do a better job.
or in other words 2 random 6th graders that can read and write could do better
What, specifically, is Obama doing wrong and what would the other candidates have done differently?
everyone of you stupid m’fers voted for this guy.
(Reuters) – Companies and investors can only guess whether dividend taxes for high-income Americans will skyrocket next year, a distinct possibility.
If the U.S. Congress fails to take action, taxes on dividends will more than double to about 40 percent next year for individuals earning more than $200,000 and couples with annual incomes of more than $250,000.
The Obama administration favors preventing the tax rate from skyrocketing, but the need for revenue may make that position irrelevant.
In the end it doesn’t matter does it Fly?
puff puff pass…
The key sticking point is that unlike most of the Bush-era tax cuts expiring at year-end, Congress must dig up tens of billions of dollars in new funds to prevent the dividend levy from spiking.
Cheese
any more politics I will be forced to murder your posting abilities. No one cares.
Socialist,
I’m not surprised
let me know when medicare and food stamps comes with the PPT.
Easy solution to this… don’t invest in companies that pay out dividends. Was that so hard to figure out?
Off to the DVAXmobile we go!!!
“What is Obama doing wrong?”
Too stupid to post here. Please de-list, immediatley.
_________
Now I don’t follow events much, but I’m guessing that if that crazy old coot, McCain, were president, we’d still be bankrupting ourselves by building an empire …we’d still be in Iraq …and he’d probably have added troops in Afghanistan. ..Guy’s a nutjob.
I think we’re still in both, no?
We’re building an empire alright – of the public sector variety.
Don’t pay much attention to the the statist, Purdy.
He’s our first socialist “libertarian.” That’s Mass, for you.
Change coming, Moobs, much to the their chagrin.
____________
Praise be to god
This will be Obama’s next move LOL!
http://news.yahoo.com/s/ap/20100519/ap_on_bi_ge/lt_venezuela_currency_controls
Venezuela is eastern europe circa 60-70s era. read an article by Pedro Salazar Ugarte. http://ideasdebabel.wordpress.com/2010/03/05/pedro-salazar-ugarte-chavez-los-tres-poderes-soy-yo/
practice your Spanish.
they are on a straight path to dictatorship.
“Path?” No, we are on the “path.”
They are there. Chavez has nationalized everything remotely cash flow positive. Clue in, Woody.
____________
SCO looks strong on oil weakness and strength of the dollar broke above all moving avgs on decent volume.
ST long SCO VXX (Mr Fly Buy) UUP FAZ and CELG (should have news out in couple weeks and 20-30% growth YoY still rolling this one LONG LONG) ill be buying more as we funnel down to $SPX 1100 tomorrow
I want Devil Dog and JoshingU…..
When things look this bad, it’s time to buy!
Gentlemen of The PPT:
My thoughts on the markets:
One Eye on the Scam Artist
http://ppt.ibankcoin.com/?p=3438
Overheard in a Greek market…….. I will gladly trade 1 chicken for a large piece of burlap and a ball of your best twine.
Is cheesefries, cheesnwine?
No,
I’ve been here long before
Long live the fly
damn his leftist lean
Cheese
Registered Republican, who hates politics and politicians. If this was 7 years ago, I’d be like “fuck yeah, go Palin.” But, lucky for me, I grew up.
Thank god. ZeroPercenter regarding politix [sic].
He “grew up” and voted for Obama.
Maybe some more “growing up” to do.
_____________
Come on … Fly used his IQ to get to the bottom line, McCain’s age and Palin’s IQ ….
You can’t make this up…LOL, from the people that brought you not a single losing trading day in the first quarter:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aq1TZHxNGpWU&pos=2
Now who in the fuck would even think of this trade:
Clients who followed the tips lost 14 percent buying the Polish zloty versus the Japanese yen
Betting on the Polish whatever vs. the Yen is for the same people that gamble on preseason NFL games. When you reach that stage, you have a problem. Time to seek rehab.
Hate to tell you, vut we are still in iraq and afghanistan. And we added more troops. Its 2010 now, rip van winkle.
Hello..
And we can correct tje mistake of obama by voting!
We already have w, your namesake in Kentuck.
One down, 58 to go.
______________
Jake
You are such a water carrier. Quit deluding yourself with the gop brand
Yes, I should submit to Comrade Obama, post haste!
Let me cogitate on that for a few milliseconds…
_____________
I listened to Obama’s commencement speech at U of M in its entirety. He had some touches on personal responsibility but other than that, the constant undertow was government can make it right, government can do the job, government will provide. All thinly veiled social engineering and nanny state policy if you ask me.
If you ask me we had the poorest field of candidates in the last election in recent history, maybe in all of US history….
From Chart Addict on twitter
Suddenly, everyone’s In the CRASH Camp, Not Just The Bear Camp http://bit.ly/9Qyyn4
My thoughts exactly, if we crash it’ll be the most predicted crash ever – truely a self fullfilling prophesy.
Yeah, those predictions tend to come true very often.
______________
Le fly officially surrenders to mr gint, on the basis that my name is french and would prefer to eat strudels than argue politics
What to do in a mini-panic?
First move, don’ t.
_________
pardon monsieur, but really it may behoove one to not overthink it
Hey Pros…I want to pick your minds, Option X and Market Movement…tomorrow VIX expires and appears that normally Option Players try to jam stuff to their price target normally on this day vs Friday….. We have oversold panic so target Call prices could be too far away?? YET put prices could be a whole lot closer and sweeter……..do you have any thoughts on the Wed action before Option X?? BTW futures is in that 1110 SPX range that wrote about last Thus in my weekly article and Shanghai Comp and Copper is actually up a bit so far, fwiw….FOMC minutes could be catalyst.
Actually, Shanghai Comp and Shanghai Copper futures couldn’t hold it and closing down again…but it tried…and tried.
Or EUR/USD hitting it’s all time 50% level of 1.2130ish which is also one heck of a strong support…
The amazing thing about the PPT is……well, it kind of works!
What IS curious, is that with the largest oil spill in US history s-l-o-w-l-y playing out before us, oil is at $68 bucks a barrel (and going lower?)
So, are we talking about a loss of control by the cartels, or the truth about real oil demand, worldwide?
Scary no matter how you slice it.
I would bet on synthetic lubricants, and religion at this point.
loss of control … look at all the domestic gas finds and oil offshore South America … US won’t be needing Arab Gold in the near/mid future and China is replacing coal with green & nuclear longer term so they will have a tough go trying to manipulate price with US gone and China thumbing their nose at them when they have Africa, Australia & Papua New Guinea as a safety net unless they can take advantage of India, but they don’t need energy with all the cheap labor available to produce power via hamster wheel.
and storage of excess oil must be ringing up some nasty monthly expenses by now, no?
<>
…now that “the folks” know what a tanker really holds, it makes you wonder about all those tankers they keep anchored up offshore, to try and get a pop prior to offloading in the states.
When I was a 17, I worked at small production company out of Oklahoma City, OK.
A really good well at that time was producing 3-6k bbls/day @ $28/bbl.
As I recall, that was a lot for a barrel at the time….enough for the owners and all their mudder friends to have private jets!
Dollar strength and flight out of risk assets.
and Cushing is at full capacity …. hmmm???
The ppt is mine!
3:06AM??? You gotta take better care of yourself buddy. Lack of sleep will render you all flaccid and stuff the next day.
Re: Doing the Hugh Hendry:
Note the seriously bad math embedded in this “business publication” article.
Oy!
________
I didn’t notice any bad math.
It’s been fixed since I posted, they must’ve gotten a raft of emails.
It originally said that Hendry was betting $270,000, not $2.7 mm (the bad math was in the 1.5% of assets at $180 mm).
(updated: I just read the comment section where quite a few “gentlemen” upbraided the ditzy blonde (but cute) reporter)
__________
Jake – I think you’re mixing up the re-poster with the reporter. The B-berg reporter was Kevin H. I don’t know if he’s blonde or not. I can ask if you want… 🙂
–Kevin Hamlin. Editors: Stephanie Phang, Michael Heath
To contact the editor responsible for this story: Chris Anstey at [email protected]
You know the first time I saw Hugh H on a panel I had no idea who he was, just some guy….I watched him and went OMG this is a fellow junkie…I really like him….and read everything about him online. And now his name pops up here….funny how it all happens……he’s totally not like that guy and his mother above.
lots of murderholes, watch your step.
I don’t know how the fook I wasn’t piling up the puts on IPSU as I watched the Great Sugar Crash of 2010 unfold in SGG…..just stood there w/ dick in hand, watching IPSU trade near annual highs…..doing nothing.
A message for V shorts! http://www.cartoonstock.com/newscartoons/cartoonists/jdu/lowres/jdun662l.jpg