On a weekly basis, oil inventories dropped as was the same for gasoline. But, looking at the TOTAL gasoline inventories shows us the end demand is not there. Oil companies are busy drilling and refining, but there is an obvious problem with sales to the consumer.
Consumption...
Last night, President Obama put on a great show and provided us with a peek into the new multi-billion dollar programs that he is putting forward. One of those is a $30 billion jobs initiative. From the looks of the initial and continuing claims, thast would be a great...
Some of the more interesting and important items for January 28th :
Ford Reports $2.7 Billion Annual Profit After Record Loss, Beats Estimates – Impressive…
Republican Leaders to Watch Obama’s State of the Union Speech From Waikiki – ALOHA!
Treasury One-Month Bill Rate Turns Negative for the First Time Since March...
Ahhh. Don’t you just love a good day with the Fed? Who knows when the free flow of free cash will end?
As it appears from the most recent release, that may be a VERY long time. (VERY)
Even though there are dissenting votes, the most recent statement shows that the Fed...
The S&P 500 index is sitting right on top of two critical support points. There is not much wiggle room from here and the need to stay above the 1085 level on close will determine if bears are really back in control.
For now, the convergence of support and the 100-day...
