Title : The Market, Energy, And Political Page, Part 2, T+65 -- May 4, 2018
link : The Market, Energy, And Political Page, Part 2, T+65 -- May 4, 2018
The Market, Energy, And Political Page, Part 2, T+65 -- May 4, 2018
I especially like "Apple all-time high." I completely missed that.Warren Buffett has sold off all of his IBM. Apparently he replaced IBM with AAPL.
WTI surging, as is Brent.
The technical data does not support $70 oil, but geopolitics certainly does.
One comment: Present Trump doesn't talk much about "lines in the sand," certainly not as much as his predecessor, but he keeps his word. One might do well to take Trump seriously but not literally.
Has Mueller jumped the shark? Tapping phone calls? Oh, that's right. That wasn't supposed to be "released" by NBC. They were just supposed to say that Mueller or the FBI or the "deep state" or someone was simply "monitoring" phone calls to the White House. Even an occasional die-hard Hillary supporter might question the propriety of tapping phone calls going to the White House, even if the ACLU won't. I'm hoping to see a tweet from John Brennan on the propriety of US security agencies, like the CIA, tapping phone calls to the White House. My understanding is that Brennan has tweeted twelve times to date. Or something like that.
Chuck Schumer: "...six ways to Sunday."
Disclaimer: I make a lot of simple arithmetic errors. I often see things that do not exist; I read quickly and miss important points. Sometimes it takes me days (maybe even weeks) to see where I was wrong.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, relationship, or travel decisions based on what you read here or what you think you may have read here.
Canadian oil revenue is falling despite production growth. Well, if you can't a) ship it; and/or b, sell it, what does one expect?
How's the rest of the market doing:
RDS-B: up 1%.
BRK-B: up 1.4%.
OAS: up 1.5%.
EOG: down 1.3% (profit-taking?)
The market is up almost 300 points after the jobs report, and this is the screen shot from Yahoo!Finance at 11:34 a.m., May 4, 2018, from the video is now the "banner" video:
The unemployment rate drops below the psychological barrier of 4%; unemployment is at an 18-year low; after one full year of Trump, America is great again; but let's point out the stock market is ugly.
By the way, this points out exactly the "Wall Street vs Main Street" discussions.
The stock market is down: huge buying opportunity and apparently Warren Buffett took advantage of it. As Jim Cramer would say, there's always a "bull market somewhere." Right now, it may be in the Bakken.
Please look at the disclaimers.
Warren: $42,052 million in AAPL stock. At 1.5% return:
- $630,780,000 / year
- $1,728,164 / day
- $72,007 / hour
Some P/Es:
- AAPL: 19
- FB: 33, no dividend
- GOOG: 57, no dividend
- AMZN: 257, no dividend
- TSLA: n/a but if Tesla earned a penny, it's P/E would be 2,889; no dividend, maybe not even a future
Thus Article The Market, Energy, And Political Page, Part 2, T+65 -- May 4, 2018
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