Should we Blame Speculators for High Gas Prices?

Many politicians and people are blaming speculators for the High Gas Prices. Should we really blame the Speculators?

In a previous episode of Mad Money, Jim Cramer does not mention speculators as one of the reasons for high gas prices.

In an interesting article by a Senior Writer (Jon Briger) at Fortune magazine, the writer makes a case for not blaming the speculators.

Two of his points:

If…
Fuente Original: techfarm.blogspot.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 22:51

Some Blogging-Related Quick-Hits

Reaching the midpoint of a shortened holiday week here in the US, this is a good time to post the following:
I received an email on my post yesterday about having an emergency fund consisting of three-to-six months’ worth of expenses. I really can’t add anything to my post. And “personal finance” isn’t something I’m particularly good at explaining and is beyond the stock-picking scope of Controlled Greed. (Though I’m guilty of stretching that definition big time!) There are loads of personal finance blogs around, and I’m no expert on which ones are best. But F…
Fuente Original: www.controlledgreed.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 21:01

Big Oil Windfall Profits Tax a Bad Idea

…
I was catching up on some email tonight and came across a good point made by Steve Sjuggerud of DailyWealth.  He compares the tax rate and profit margins of Microsoft vs Exxon Mobile providing a clear example of why gouging big oil further would be a bad idea and most likely lead to higher […]
Fuente Original: selfinvestors.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 17:17

Brett Steenbarger on trading goals (Goals, III)

One of the best discussions of goal setting for traders is in Dr Brett Steenbarger???s book …
Fuente Original: globalgrowthinvestor.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 15:25

News Items - Tuesday July 1, 2008

News

Starbucks to Close 600 Stores; Cut Up to 12,000 jobs

Steak N’ Shake Appoints Biglari Chairman

S…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 13:55

Global Trends in Sustainable Energy

The Sustainable Energy Finance Institute has released their 2008 global trends report. The report consists primarily of the amount of money going into companies and projects. I read through the Executive Summary, since the whole report of 70 pages seems a bit too much to wade through. I am not that interested in how much money was raised last year for these investments and how much it increased from 2006, but one fact caught my eye as significant:
…
Fuente Original: timplaehn.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 13:21

What a Crazy Day

It is always amusing to see the end of the day gain or loss in the indexes, and how it sometimes hides the wild action of the day. Today was one of those days - we gapped down (bearish), rallied from what appeared to be a test of support (bullish), gave that all up and tested new lows - 1260 (bearish), and then reversed and rallied to the highs of the day (bullish). For all that action and headache, it just took us back to right near where we closed yesterday. But it scared and/or emboldened traders multiple times, in completely different directions. Absolutely nuts - as they say in bear markets neither bulls nor bears have an easy time making money (the strongest rallies are usually contained within bear markets, but they are sudden and out of the blue)….
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 13:09

On Blogging

A while back someone asked me why so many investment bloggers stop blogging.

I didn’t have an answer for him.

Bloggers stop blogging for a lot of different reasons. But, that wasn’t the question? The question was why investment bloggers stopped – especially good investment bloggers. Why, once established, and with some number of regular readers would an investment blogger stop blogging?
…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 12:58

Bookkeeping: Beginning Canadian Solar (CSIQ)

Continuing the theme of avoiding the stronger sectors and buying some weaker areas, I had almost bought Canadian Solar (CSIQ) just a few weeks ago in the mid $30s - it ramped to low $50s, and a missed opportunity went by the wayside. [Jun 17: Canadian Solar (CSIQ) Raises Guidance]It has now pulled back 30% from its high of $52 two weeks ago, and this appears to the be the market’s current favorite - the only chart I can find in the sector where the stock has not broken the 50 day moving average. This is not my favorite name in the sector fundamentally - a huge amount of their last earnings were nothing more than currency gains - but the market doesn’t peek beneath the hood to realize that, so we’ll go with the market. And frankly, all that I’ve gained from buying the names I liked fundamentally are very large losses. So in this one sector, it appears momentum and favoritism mean far more than trying to squirrel out the best values - so you have to buy the “popular kid”. Ask M…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 12:19

CNBC Bonus Bucks Trivia: In a hypothetical letter penned by Bill Gross to “President Obama”, what did the Pimco CIO say the markets needed?

In a hypothetical letter penned by Bill Gross to “President Obama”, what did the Pimco CIO say the markets needed?
“Dear President Obama,” the letter began. “You have inherited a mess. Your predecessor, fixated on emulating a former Republican icon from a far different economic era, chose to emphasize tax cuts for the rich and excessive consumption for all Americans,” Gross wrote. “He promoted deregulation and free markets when, in fact, the markets and their institutions needed t…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 12:02

Bookkeeping: Starting Ultra Financial (UYG)

Impressive bounce off that 1260 level on the S&P. Like a magnet the market bounced to S&P 1275…. (thanks PPT) and away we go to 1280s. Reader Shax is happy and smug somewhere in Asia with his 100% long exposure. I just cannot see a break through that 1260 on the first attempt with all the King’s Horses and all the King’s Men here to socialize the market, all over again. They have charts too and realize how important this level is. It’s going to take repeated attempts I believe, to break through their purchasing power….
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 11:46

For Sale by Owner: 2000 Sq Foot Home in Florida - Owner thrown In as Bonus

Wonders never cease in t…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 11:19

CNBC Bonus Bucks Trivia: In the CNBC.com Video Roundup, “Volatility-Beaters: Steel and Internet Stocks”, what steel name did Timna Tanners pick?

In the CNBC.com Video Roundup, “Volatility-Beaters: Steel and Internet Stocks”, what steel name did Timna Tanners pick?
“We like U.S. Steel (X)…They’re the biggest tubular pipe player in the U.S.  Prices are going to rise steadily with energy demand there.”
- Timna Tanners, UBS Steel & Building Materials Analyst…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 11:07

Energy Recovery, Inc. (ERII) - Good IPO in a Sea of Losses

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It’s been a tough year for new issues as broad market indices log double digit losses and liquidity has been hard to find.  While some IPOs like Visa Inc. (V) and Intrepid Potash, Inc. (IPI) have scored large gains, these success stories have been more the exception than the norm.  As investors cut back […]
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 11:00

On Pump Points for Politicians

Politicians are always telling us about gas prices.

So – I thought maybe gas prices would like to tell us something about politicians for a change.

These “pump points” are based on gapitem data. I’ll explain gapitem in greater detail in a later post. For now, just know that it’s a unit of fuel consumption equal to gas consumption per person per day.

Gapitem = Ga…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 9:40

CNBC Bonus Bucks Trivia: In Fast Money’s blog post “Second Half Options” what “trend” does Pete Najarian suggest following?

In Fast Money’s blog post “Second Half Options” what “trend” does Pete Najarian suggest following?
Oil leading the market.
Sponsor: Financial Education Everything you need to know about finance

…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 9:32

Could be Panic Time

Oh what a treacherous beast this market - teasing the “it’s so oversold, there must be a bounce” crowd into buying this morning and then laying the hammer down. Remember a week ago we said this could be the near term fate for commodities… they are FINALLY showing signs of breaking down.Anyhow the puke indicators should be starting soon enough. What is the puke indicator? When you want to puke when you look at your portfolio. Perhaps I should start a poll and when we get 50 “yes, I feel like puking” votes it’s time to get bullish. ;)…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 9:25

As GM Goes, So Goes the Nation

I know no one cares about the automakers anymore - I mean that only affects people in Michigan and Ohio but the damage below is startling - let me show you a 1 year chart of General Motors (GM) and Ford (F) - they look like they have been issuing subprime loans the past 5 years….
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 8:56

CNBC Bonus Bucks Trivia: Wilbur Ross told CNBC Monday that the oil price run-up is a bubble. What empirical factor did he cite?

Wilbur Ross told CNBC Monday that the oil price run-up is a bubble. What empirical factor did he cite?
“Remember when oil went to $70 a barrel in the so-called ‘Arab Oil Crisis,’ there was a shortage. There were lines at gas stations, talking about rationing. There isn’t a line at any gas station anywhere in the world, so there’s clearly not a physical shortage,” he said….
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Fundamental Analysis | Comments (0) @ 8:54

Bookkeeping: Cutting Apple (AAPL)

This is purely a technical trade. Also I believe too many people are clinging to technology stocks as a ’safer’ haven since they do not have exposure to oil. But they have exposure to the consumer and producer who has exposure to oil. Duh.Apple (AAPL) - bouncing here to $173 range which is the 50 day moving average. We’d like to buy if it can break through that level, of if it pulls back substantially (to where it was this morning - wow down to $164, quite a bounce) Cutting this position in half down to 0…
Fuente Original: feeds.feedburner.com

  1 Julio, 2008| Uncategorized | Comments (0) @ 8:19

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