CNBC

Supposed Pipeline Explosion Drives Oil Above $110 A Barrel, Reported False After Market Close

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If a falsified report that a Saudi pipeline can drive oil over $110 a barrel, just imagine the repercussions of a full Iran-Israel conflict.  According to the report that was later confirmed “completely false” after US  markets had just closed, a natural gas pipeline in the city of Awamiyah exploded resulting in numerous injuries and deaths.  Thats right, natural gas drove up the price of crude simply on rumor.  That should give you an idea of how volatile the Iran situation is on the markets, despite stepping out of the headlines momentarily.  Considering we have close to two years supply … Read more

Bear markets begin in good times. Bull markets begin in bad times.

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By: Harvey Sax I haven’t been able to conclusively cite the origin of the above quote, ‘Bear markets begin in good times.  Bull markets begin in bad times’ but undoubtedly it was from an investor who survived the bear market.  The good news is that you can make money in any kind of market.  You can profit from the market rising or going down.  You can even make money in a market that doesn’t move at all. But what you can’t do is make money without a plan.  Ultimately you will only be successful by trading on your own ideas … Read more

Do Your Homework and Stop Looking for the Easy Way Out

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The WSJ released an article last night on Nouriel Roubini, nicknamed Dr. Doom for his consistently bearish outlook that happened to accurately foresee the 2008 crisis.  Apparently, he’s changed his tune: “We’re a believer; we’re celebrating. We think the rally has legs,” said Gina Sanchez, Roubini’s director of equity and allocation strategy, and a contributor on CNBC. She tells us that Roubini’s firm currently recommends being overweight equities, playing cyclical areas of the market such as technology.  “Also we’d take some tilts into staples and telecom to collect yield. And we’d also be overweight ag and livestock. Generally we’d take … Read more

Facebook Under Fire as it Approaches IPO

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I’m sick of Facebook.  The name makes me cringe every time the talking heads on CNBC spout out the same regurgitated facts; all too reminiscent of Armani  clad penguins feeding vast fields of their young.  Regardless, here’s some news that might  get a smile out of your spiteful inner self: lawsuits against the social media giant are rapidly piling up as we near the initial public offering.  No, the company didn’t decided to go on one last rampant crime spree just before going public.  It’s the scent of money in the air that drives the shoals of patent lawyers into … Read more