Monthly Archives: March 2008

Inventory Report Flat –

The weekly inventory report came in flat by most accounts.  Refinery runs were done but crude supplies still came in lower than expected.  Both gasoline and distillate stocks also fell.  Oil is trading at over 300 points higher than earlier … Continue reading

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JP Morgan Raises Bid –

JP Morgan has raised its offer to almost $10 dollars a share for Bear Stearns.  This is mainly to overcome the obstacle of shareholder resistance to the initial bid.  It has been reported that Bear Stearns is actually worth almost … Continue reading

Posted in Banking, Economic News, Stocks | Leave a comment

EFT Liquidity Review –

The U.S. economy remains weak but funds are still flowing in to Exchange Traded Funds.  Stock buybacks are more frequent with companies taking advantage of lower stock prices.  To view a related article, please click here: http://www.forbes.com/personalfinance/etfs/2008/02/11/exxon-verizon-yahoo-pf-etf-in_tt_0211trimtabs_inl.html Jim Sutliff

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S & P May Downgrade –

Standard and Poor’s may downgrade several banks in the near future.  Goldman Sachs and Lehman Brothers are two banks that are frequently mentioned as possible downgrades.  The ratings agency downgraded Merril Lynch in October and will may downgrade Morgan Stanley … Continue reading

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Future Regulations?

The current climate has led to a call for more regulation of the Banking sector.  The recent programs by the Fed that can be viewed as bailouts are increasing public awareness. To view a related article, please click here: http://www.forbes.com/home/wallstreet/2008/03/20/banking-bernanke-frank-biz-wall-cx_lm_0320fed.html … Continue reading

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Inventory Down –

The inventory report from the Energy Information Administration showed a greater than expected decline in distillates as well as gasoline.  Supplies of gasoline fell 3.5 million barrels and distillates dropped 2.9 million.  Crude oil inventories rose 200,000 barrels but this … Continue reading

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Oil Plummets –

Oil drops almost $5 dollars a barrel.  Concern over the future of the economy is likely to dampen oil prices. To view a related article, please click here: http://ap.google.com/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD8VF9Q680 Jim Sutliff

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Bear Stearns For Only $2 Bucks –

Bear Stearns will be acquired by J.P. Morgan for only $2 per share.  Bear Stearns traded as high as $70 a share last Monday.  On Friday, the market reacted to news and sent Bear Stearns tumbling $30 dollars.  Traders will … Continue reading

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Fed Grants For VC Backed Firms –

The president of the National Venture Capital Association (NVCA) testified before Congress and made the argument for increased Federal support.  The venture capital industry has been the focus of a great deal of attention on Capitol Hill over the last … Continue reading

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Cartoon Look At High Oil –

High oil prices make for a cartoonist dream. To view a series of cartoons, please click here:\r\n http://cagle.com/news/Oil100/ Jim Sutliff

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Austin #9 In VC Funding –

Austin Texas ranked number 9 in Venture Capital funding.  This was released in a Money Tree report by PWC and NVCA.  The report indicated that investments grew by 178 percent over a 10 year period spanning from 1997 to 2007. … Continue reading

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Inventories Rise Again –

Inventories of Crude Oil rose 6.2 million barrels last week.  Gasoline also increased by 1.7 million barrels.  Distillates experienced a lower than expected decline of 1.6 million barrels.  Some of the increase in crude supplies comes from a slight decrease … Continue reading

Posted in Gasoline, Natural Gas, Oil, Options & Futures | Leave a comment

Oil Hits New Heights –

Most news reports including the one that we have linked to below, indicate that oil shows no signs of falling.  Although the reports have seem to be logical they lack seeing the obvious.  When a recession takes hold demand will … Continue reading

Posted in Oil, Options & Futures | Leave a comment

Cheney Visit May Help Output –

Cheney is expected to ask the Saudis for an increase in production.  The Vice President will be visiting the middle east next week. To read a related article, please click here: http://afp.google.com/article/ALeqM5ii_nBPZlNom_xLZCLd9XluLnciwg Jim Sutliff

Posted in Economic News, Oil, Options & Futures, Political News | Leave a comment

Oil Rises Again –

Oil rose to new heights again today as investors moved money into the market.  Oil has returned more on investments than other financial markets.  The recent rise in oil seems to have nothing in common with fundamentals.  The bubble will … Continue reading

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