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When I saw the big ES spike and reversal from the comfort of my bed’s iPad this morning, I figured it was just a bad data spike. Not so. Turns out that Greece finally was willing to shout “Uncle!” to which Germany replied “Nein.” No deal yet. This is getting tiresome, isn’t it?
I am excited and delighted by what’s happening with crude oil. As many of you know – particularly my Slope+ subscribers, for whom this has become an obsession – I’ve been very enamored of energy lately. One of the big appeals for me is that unlike so many equity stocks, energy and its related producer stocks seem to be one of the last “honest” markets to trade. It actually – gasp – reflects supply & demand as well as honest-to-God economic realities. It’s certainly refreshing, which is why a full third of my 81 short positions are directly related to energy.
Well, my friends, I’m ducking out the moment the “market” closes today in order to have a meeting about a special project I’ve been working on for a number of months now. I promise to get a market-oriented post done when I get back in a few hours; thank you!
I’m not sure if people only discovered that hamburgers exist a couple of years ago, but here – – for all who want to be amazed – – is what fine culinary artist Jack in the Box has been doing recently – up over 400% in the past few years:
