Just a brief set of thoughts before I go outside.
We had a very good week for stocks and in between all of the celebration were several earnings shortfalls that resulted in heinous drawdowns, most specifically in consumer related and technology names.
At the same time, the general market rose, but with it commodity stocks. As a point in fact, they rose almost as much as the deeply oversold tech stocks, sans all of the associated risks involved with buying growth companies into a weakening economy.
At this point, the only thing that could upset the apple cart is piece in the Ukraine, which isn’t going to happen. As a matter of fact, things are about to escalate in a terrible way soon.
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One day closer to 47.5. Congratulations. Every day is a gift, enjoy them all Broker A. No do-overs.
I’m literally 60 points away from 1000% in my energy positions,
Chess’s write up on uso and commods was brilliant as well
Oily wolf
oil uranium silver
https://www.youtube.com/watch?v=E_7G7SGtu-w
Truth be told; their timing has been off – for 10 years. Will they be right this decade?
The deals Rule can get are like deals Buffet can get. Little guys need not apply.
Oil and gas prices are quite high, and probably going higher. But the actual production equity is still very undervalued by like 50%. A kind of perfect storm set of events starting with a huge drawdown in 2008, over-production in shale, the ESG fanatics, followed by a huge additional drawdown in 2020. No wonder capital isn’t quick to go to the equities. Leading one to believe that staying long is good for a while.