Recession fears are sending everything down and it may be tempting to liquidate your stock positions. Please reconsider!
People often forget that there are TWO ways to make money by going long on stocks: capital appreciation (the stock price rises) and dividends (when the company shares earnings).
Even if prices are dropping the dividends may not be. Search […]
Most people are too busy paying attention to the stock market to know that oil has taken a plunge, too.
Oil dropped below $92 per barrel this morning. This is major considering the record high of $147+ earlier this summer.
When oil reached a record high in July it was the hot topic for traders, analysts, consumers, and […]
While watching CNBC, this morning the anchors reported an interesting statistic (sorry I couldn’t type fast enough for a quote verbatim!): In February 2008 when oil was trading at $100 a barrel, the nationwide average gas price was $3.06 per gallon, but today when oil is trading near $100 a barrel, the average price per […]
The Dow lost 344 points today on news of discouraging employment data.
The stats surfaced just one day ahead of the August employment report which will be released tomorrow.
Some tidbits of today’s news include:
New jobless claims rose by 15,000 last week after three straight weeks of declines.
Private sector employment decreased by 33,000 in August.
On a positive note, the […]
Gustav spared the Gulf Coast and sent oil prices running south today.
October crude oil dipped as low as $106.75 at the NYMEX and closed down 5 percent at $109.71.
Over the weekend, Iran’s Oil Minister Gholam Hossein Nazari said that $100 a barrel is the lowest suitable price for oil, which is over 30 percent less than the record […]
It’s hard to talk stock trading, on a day when the markets are closed!
In the non-Labor Day observing world, the Dow Jones STOXX 600 (European index) closed slightly lower by 0.3 percent. But, oil stocks were subject to a selloff after the industry’s Gustav-induced supply fears were quieted.
Hurricane Gustav was downgraded to a Category 2 storm, but was previously predicted to […]
On July 11, crude oil hit a record of $147.27 per barrel and on July 16, the nationwide average for regular unleaded gasoline hit a record of $4.114 per gallon.
Less than one month later, the price of oil has dropped just below $120 per barrel and the price of gasoline has dropped to $3.862 per gallon. The […]
Exxon Mobil has posted the largest quarterly profit ever for a corporation in the United States: $11.68 billion. The company held the previous record and this is beginning to sound like a broken record!
Exxon Mobil’s record earnings should come as no surprise, as they were mainly driven by record crude oil prices.
The second quarter results revealed that revenues […]
Corn prices have risen ten percent since last Tuesday!
Are the farmers trying to compete with oil traders and speculators? Not so, the cause of the recent corn run-up is much easier to identify. Torrential rain in the country’s Corn Belt is to blame for slowed planting and crop development.
The heavy rains caused the USDA to […]
Surprise, surprise: oil prices have set another record high today.
The impact of oil’s resurgance is felt everywhere, as all three major indexes are trading sharply lower. The Dow has shed over 340 points on news of oil prices rising nine percent today, breaking $139 a barrel.
Did any fundamental change(s) occur in the world of oil supply and demand yesterday? Today? […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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