Patriot Coal (PCX) is ramping higher again today as the rumors are making their way around the trading pits that Massey Energy (MEE) could be a suitor.
A takeover/merger could make a great deal of sense as the coal industry is in need of further consolidation. This is really nothing new...
It all depends on how you look at things. While durable goods came in much better than expected, the excluding transportation number was disappointing.
But, looking deeper at the report, there were some bright spots and far be it for us to look for a silver lining that is not actually...
Existing Home Sales came in rather weak. This is the hangover from the governmental stimulus that forced the hand of buyers over the past few months. Now we are going to see what the organic growth may be, as long the hand of the taxpayer is kept from providing more...
Visually, this image gives a great representation of the world markets. We used the major ETFs that provide coverage in the areas and then track the month to date and year to date returns.
Obviously the impact of the rising dollar has shown up in the emerging markets, again. Though February...
Oil spiked lower as the news came that three was another significant aftershock in Chile. This one measured 5.1 and news of the actual damage is still coming in.
The timing of the shift in sentiment in the future’s pits changed exactly at the same time…
Coincidence?
(Click to enlarge)
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