Futures are sharply higher. Don’t ask me why they are higher, for I will simply state “urinal shadows, cocaine chuck wagons, counterfeit money, get the fuck out of my way.”
Crack spreads are north of $35; but refinery related stocks are weak. The last time cracks were this high was last summer, right before the fucking collapse. Obviously, people are ignoring fundamentals, trading on emotions, like little bitches. Refiners of high quality can be bought with reckless abandon, providing cracks stay this wide. To be clear, WNR, HFC, MPC and CVI are high quality. Both DK and ALJ are thinly traded and often referred to as “fucking bullshit” around the water cooler.
Let’s not make this harder than it needs to be. The central government has planned to enrich the population through interfering in equity markets. Money is cheap and credit is becoming readily available again. Real estate has bottomed and the elections are coming.
Get ready for more of the same.
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WNR got to punch $20 in the face to break out!!
Are you saying $20 is like a virgin blocking your big WNR from getting in?
eggszachary
Don’t forgetta bout $D. V.Kingship style in oil.
High end shit withstanding I think the housing market is in a trough that will last a while. But Ben is working on that using the low rate strategy. After all, he “fixed” the unemployment problem by proclaiming that the masses are uneducated and unable to handle skilled jobs.
Regardless of Ben Jammin and whatever the heck he thinks he is accomplishing , mortgage rates are starting to creep ^.