The markets seem poised to step further into Bizarro World this morning. Bad news is good—’cause it can’t get worse than that! Still, as one of the links I post to below says, “we have to keep an open mind and respect Mr. Market.” If the market wants to go up, all news is good news. [...]
From the monthly archives:
April 2009
I just got off the phone with Bloomberg. I told Mark (the Bloomberg reporter) that the news out is mixed …
Crude oil inventories rose by 4.1 million barrels — much more than anyone was expecting.
Distillate stocks dropped by 1.8 million barrels — a bullish surprise there.
Gasoline inventories dropped by 4.7 million barrels — much more [...]
I’m talking to Bloomberg about oil inventories today (again!) so you may see me quoted on their website. Here’s an interesting story ahead of the EIA inventory numbers that come out today …
Oil Floods Rotterdam, Europe’s Largest Port, as Demand Drops
Rotterdam, Europe’s largest port, may be running out of space to store crude as [...]
Here’s a rough transcript (PDF format) of my video for Uncommon Wisdom today …
sean-brodrick-uwd-video-for-042809-a-better-value-than-gold
I’m getting some emails asking me if I’ve “suddenly” turned bullish on gold stocks. Well, as subscribers to Red-Hot Global Small-Caps know, there are a bunch of gold stocks I’ve recommended holding for the longer term.
The question is the short term. And [...]
So are we supposed to get all crazy scared about the Swine Flu now? I’m sure some people I work with will think it’s the next end times. I don’t mean to minimize the tragedy of 103 people in Mexico dying from Swine Flu, but the media is feeding the panic and now the government is [...]
Here are a bunch of stories I wanted to use this week but never found the room. First, a quote for the day …
These rose colored glasses, that I’m looking through
Show only the beauty, cause they hide all the truth”
– John Conlee
Now, some interesting stories.
Insider Selling Jumps to Highest Level Since 2007
Executives and insiders at [...]
Yesterday, we saw a late-day sell-off, led by bank shares as investors grow increasingly nervous about the “stress test” results. I think Geithner and company are more than capable of massaging those numbers any way that investors want. So I wouldn’t worry about the numbers from the stress test. I would worry about the reality [...]
UPDATE: And the numbers are in!
CRUDE: The EIA reports that crude oil stockpiles rose by 3.8 million barrels. That’s higher than the pre-announcement estimate of 2.5 million barrels, much higher than the whisper number going around after the API reported a draw-down in crude yesterday, and that has to be the most oil we have [...]
I’m being interviewed on crude oil today. First, a radio interview on CNN Radio from 10:40-10:50 am EST with Bill Caiaccio. Then I’ll be talking to Mark Schenk at Bloomberg News for an interview he’s going to post on the web at the Bloomberg News website.
Here is the latest chart of crude oil …
If you want to [...]
