• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 21 mins Oil prices going Up? NO!
  • 1 day Could Venezuela become a net oil importer?
  • 4 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
  • 1 hour Could oil demand collapse rapidly? Yup, sure could.
  • 1 day Gazprom Exports to EU Hit Record
  • 1 day EU Leaders Set To Prolong Russia Sanctions Again
  • 21 mins Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 2 hours Oil prices going down
  • 1 day Why is permian oil "locked in" when refineries abound?
  • 1 day Oil Buyers Club
  • 28 mins Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 13 mins Saudi Arabia turns to solar
  • 16 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day EVs Could Help Coal Demand
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
Alt Text

The Best Places In The World To Mine Bitcoin

As Chinese bitcoin miners face…

Alt Text

Goldman’s Commodity Unit Sees Worst Q1 In A Decade

Investment bank Goldman Sachs saw…

Alt Text

Yieldcos Are Back And Better Than Ever

Yieldcos have had a rocky…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

Another Nail in the Market’s Coffin

I think it was very interesting not to see what happened today, but what didn’t. The Federal Reserve announced that it would continue its purchase of $600 billion in debt securities and keep interest rates low for the indefinite future. What did the markets do? The Dow rose by 0.07%, the S&P 500 by 0.42%, and yields on ten year Treasury bonds rose by five basis points. Everyone was expecting a bang, and got a whimper instead.

To me, the muted reaction is another nail in the coffin of the current rally in global asset prices. We could get a bump in markets on Friday when Q4, 2010 US GDP comes out better than expected, possibly as hot as 3.5%-4%. Then you get the new monthly asset reallocation on Tuesday, February 1, which will almost certainly favor paper assets over hard ones. Beyond that, I don’t see much on the horizon to keep powering prices higher for the short term. We are at the stage in this party where the waiters are piling the chairs on the tables, flickering the lights, and all of a sudden, the few remaining available women all start to look beautiful. If the S&P 500 does tack on a few dozen points in the next week, I will be inclined to double up, rather than run from the shorts that I already have.

By. Mad Hedge Fund Trader




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News