It’s hard to miss the long-term supply and demand pressures that will push oil prices higher. Almost every investor is aware that oil supply is getting harder to find, while oil demand from growing economies is rising. Furthermore, underinvestment in oil industry infrastructure leaves open the door for an energy shock if a global economic […]
Author Archives: Jason Kelly
Rising Rates
Thomas asked, “Are you guys worried about rising interest rates?” Yes, very. Wednesday of last week saw a rough 5-year bond auction that sent 10-year yields higher, to 3.70%. That was the high of the year, and it got traders talking about whether the government had lost its ability to keep rates down. Remember, the […]
More Upside Ahead
Today’s article comes courtesy of frequent contributor Dave Van Knapp. His site, SensibleStocks.com, is chock full of clear-headed ways to pick stocks and explains the oft-unappreciated role of dividends. This Rally Is Sustainable by Dave Van KnappSensibleStocks.com The blogosphere is full of pundits trashing the current stock market rally. I wrote an article several weeks […]
5/26/09: Stocks going down, gold going up, another oil shock on the way, North Korea’s nuclear test, and bankrupting Social Security
Bill Fleckenstein thinks stocks will head lower over time, “as the complications from inflation and higher interest rates eventually compress price-to-earnings multiples and expectations are lowered about what sort of earnings power companies actually have.” He’s also certain that “the dollar will head lower and precious metals will trade higher.” He’ll get no argument from […]
The Trouble With Ranges
My old friend, Michael, has been watching the rally for signs of exhaustion or continuation with an eye on trading Direxion’s 3x/-3x financial sector ETFs, symbols FAS and FAZ respectively. Last Friday, he wrote about FAS that it “looks like a classic range rider pattern to me. If so, and if it isn’t over, the […]





