Saturday, December 26, 2015

The Day After Christmas

  • imageI’ve enjoyed listening to opinions on where the price of oil is headed. $USO
  • So some folks are predicting $20s or teens.  Heck, if the price is low it must keep going lower.  That’s what the charts say!  I also know many trapped longs are hoping for a huge oil rally so they can get somewhere close to break even on earlier buys.  Some of these stocks have cratered in 2015.
  • With a strong dollar, and the Fed Hell bent on raising rates in 2016, it’s hard to imagine commodity prices that are denominated in dollars seeing much price appreciation.  Absent runaway demand or a crash in supplies.  Don’t see either of those two by the way.
  • Kind of funny how cheap oil prices are seen as an economic downer.  Shouldn’t we all be spending those dollars saved on gasoline on STUFF?  Or maybe it’s all going to new iPhone purchases and monthly cell phone bills.
  • It’s the day after Christmas already! Now we will be subject to “The Best *** of 2015” shows, lists, and columns for the rest of the year.
  • I think a Christmas tree after Christmas, with all the presents long gone, is a sad thing.
  • Traffic is crazy.  Stores are crowded.  Returns.  Gift card buys.  After Christmas sales.
  • I don’t know why Kirk Cousins just took a knee in the redzone with 5 seconds left, and the clock ran out, either.

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