Oil Surges On “Imminent Air Strikes” On Libya
Food Commodities Resume Their Upside After a Brief Respite
World demand and export from the U.S. increase after a brief moment of price slack…..
Comments »U.N. Declares Force is Necessary For Libya
Given Unprecedented World Intervention is QE3 In the Works ?
Will Japan Have Banking Failures ?
Asian Markets Hold Their Rallies, Europe Opens Higher, and U.S. Futures Are Green on G7 Yen Intervention
Flash: Norway and France to Participate in Military Operations Against Libya
Watch oil
Update: A French spokesman was quoted saying operations could commence “within hours.”
Comments »Apple Faces Significant Supply Shortages
Post Japanese quake, Apple is having a difficult time procuring NAND and DRAM memory chips, as well as glass for its iPad 2.
Toshiba, #2 global supplier of NAND flash, said their factories in Japan would be closed for at least 1 month. Since then, spot prices for both NAND and DRAM have soared.
Because of these difficult headwinds, there is a distinct chance Apple’s margins will be hampered in Q2.
Comments »Flash: Power to be Restored at Fukushima by March 20th
It’s being reported that an operator at working on reactors 3 & 4 said power would likey resume by 3/20.
Comments »The NIKKEI Soars
As minor progress or lack of outright disaster in Japan permeates the dog brains of investors, shares in Asia are being bid up fanatically, with the NIKKEI posting a 3% move. Other markets are up, but nothing as exceptional as Japan.
US futures are ripping higher by 1%. And commodities are up across the board.
In other words: risk on.
Comments »I Hope Beer Has Not Ruined My Tweeting Career
It has caused me to misspell, have grammatic errors, and strongly consider this….
Definitely my last tweet/post of the night
[youtube:http://www.youtube.com/watch?v=xQXDt4VdS0E 450 300] Comments »Does Beer Make You Think People Talk Out of Both Sides of Their Mouth ?
Kill Bill
Republicans propose killing Fannie and Freddie.
Q: If banks and mortgage companies did not have these government sponsored companies to lean on and re-liquefy their books of toxic waste that they sold; would we still want to kill off FNM & FRE ?
Q: Did the entities not do a good thing for many years before this crisis ?
Never mind; that’s the beer talking…..
Comments »Corn Beef and Cabbage in a Ocean of Beer Makes The G-7 Intervene Sending The Greenback and Asian Markets Higher
You see a short in the Yen after the tv told you where to stop out was the perfect trade. G7 must manipulate to get you to capitulate…
My kingdom for a black and tan….
Comments »After a Few Rounds I See Nike….That’s A Special Miss on Margins…Round 4
Bulls Manage To Stay In Control
Flash: Crack Spreads Approaching $24
Crack spreads are up another 1.8% today, following yesterday’s 5.5% surge, to $24 (new highs).
Refinery related names are reacting in kind, with gains in ALJ (+7.4%), CVI (+3.4%), VLO (+1.6%) and TSO (+1.5%)
UPDATE: Spreads closed up 2.27% to $24.08.
Comments »Commodities Close Higher Across The Board
Commodities finished higher across the board today, led by a 5.4% rally in grains. May wheat surged 7.9% to close at $7.14 per bushel, while May corn ended limit up at $6.46, higher by 4.9%… The Energy sector added 3.4%, led by a 5.7% rally in April natural gas, which closed at $4.16 per MMBtu. It notched highs at $4.16, its best levels in close to 1.5 months. This morning’s larger than expected draw down in inventories acted as the catalyst to today’s rally. April crude oil surged 3.5% to close at $101.42 per barrel, its best close in around a week. Today’s session was substantially less volatile than the previous, evidenced by the absence of short volatile moves in prices. With the risk trade back for the time being, markets once again refocused on the Middle East… Precious metals, which gained 0.2% on the day, were the laggard sector today. It was a relatively quiet session for the precious metal as April gold finished higher by 0.5% to $1403.80 per ounce and May silver ended lower by 0.5% to $34.25 per ounce. (Dow +1.2%, Nasdaq +1%, S&P +1.3%
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