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Posted
Sep 02 2008, 04:19 PM
by
Jon Markman
Rating:
The number of practical new plans to dump crude oil from the modern transportation system is advancing at breathtaking speed. Last week, I wrote about the new Fisker Karma electric car, and now I’ve been reading about a new electric-car system lifting off drawing boards to completely replace gasoline-powered cars in Israel and Denmark.
According to the cover story of the the latest Wired, a former SAP software exec named Shai Agassi has developed an end-to-end system, called Better Place, aimed at helping smaller countries eliminate their dependence on imported crude oil. Israel was a natural first choice for the idea, since it has no oil of its own and all purchases fund its Arab enemies. Denmark has a glut of wind energy, and wants to use it to power cars.
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Posted
Jul 24 2008, 10:03 AM
by
Todd Harrison
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It wasn’t the wild and crazy ride we've become accustomed to, but the roller coaster that is the financial markets was exciting, nonetheless. I think fence-sitters have begun to lean forward, obviously enticed by the action and pretty big gains in certain sectors. Beyond the fence-sitters, further out in the hinterlands, even investors some encamped in foxholes are beginning to take notice.
Still, volume wasn’t that great and the market struggled to stay in the plus column. We need a spark -- yes, another spark -- because crashing crude isn’t enough? What’s going to get stocks through this next level of resistance? I think all it would take is improvement in the July jobs numbers, which is different than saying job creation, just a sign that perhaps employment could be ready to return to monthly job creation. In the meantime, consolidation after this kind of rebound is normal most of the time. But these days when the market stalls investors flee.
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Posted
Jul 18 2008, 08:36 AM
by
Todd Harrison
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I spent the weekend with some of the smartest techies on the planet, guys and gals from all over the world: They drank the Kool-Aid a long time ago. By the time I got back to New York I was ready to get with it and stop living in the Stone Age (I still don’t even have a Facebook page). But if the Internet has so much growth potential and will eventually displace everything including television, then why are the stocks associated with the information highway system limping along at a snail’s pace or have curled up like armadillos? Internet stocks haven’t been world beaters for a long time and right now the Internet Holders is at a 52-week double bottom and vulnerable to the four year low of 44.
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Posted
Jun 27 2008, 01:49 AM
by
Andrew Horowitz
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After the close of the markets Thursday, as the fear of a continued parabolic rise in the price of oil was still fresh on the minds of investors, the U.S. House of Representatives approved a bill that that could help to reverse the direction of oil prices.
The bill would provide for the Commodity Futures Trading Commission (CTFC) to enact emergency measures to “maintain or restore orderly trading.” Concurrent to the bill’s approval, the CTFC released a notice that spells out the broad powers granted by Congress that have been used when the commodity markets have been manipulated in the past. Yes, manipulation.
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Posted
May 13 2008, 05:56 PM
by
Charley Blaine
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The chart of the Standard & Poor's 500 Index is telling me the market could move higher and happily so -- if oil prices will cooperate. That is a big if.
Fact is, the index is giving no signs of totally falling apart. It's nicely above its 50-day moving average, and it's moving in parallel with the moving average. Something that gives an investor a warm feeling inside.
And it is forming a support level at about 1,383. That means buying
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Posted
May 12 2008, 07:12 AM
by
Douglas McIntyre
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Based on the figures from the Bureau of Labor Statistics, U.S. unemployment was 5% in April. Those figures showed that 146.3 million Americans were employed in the civilian work-force and 7.6 million Americans were unemployed.
It should not come as a surprise to economists that the weakest parts of the economy last month were construction, manufacturing, and retail. The segments with some growth were healthcare and professional services. (For a complete list of jobs by sector visit 24/7 Wall St.)
The economy may be in a recession now. Some experts believe that growth will only slow modestly over 2008. Warren Buffett and George Soros have said that they think the downturn will be long and deep.
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Posted
May 06 2008, 06:14 PM
by
Charley Blaine
Rating:
I'm really not here to scare you, but, get ready, I AM going to scare you.
The news got lots of attention: Goldman Sachs analyst Arjun Murti predicted Tuesday that the price of crude oil could hit $150 to $200 a barrel in six to 24 months. (Here's one discussion of the report. Another is here.)
Crude oil in New York promptly jumped to as high as $122.73 a barrel in New York before closing at $121.84. And, as I write this, crude was trading slightly lower in electronic trading. But it also had the perverse effect of pushing the stock market higher. Indeed, the biggest winners in Tuesday's stock market were oil and gas production companies, natural gas companies. (But not refiners; crude oil is rising faster than refiners can push their prices up.)
So, if crude jumps to $150 or $200, how does that translate into prices at the gas pump. Here's the scary part.
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