OK, those may be harsh words. After all, BP (NYSE: BP) still owns half of TNK-BP, Russia's third-largest oil company, but the Financial Times is reporting that OAO Rosneft has not extended a deadline for the two companies to finalize their $16 billion share swap announced earlier this year
Oil prices have played the part of horror movie monster for most of 2010 and 2011. They rise and chase the economy around a bit, and then fall some when the economy fights back with lower demand. They are then slain by the heroes, including last week, when they dropped to under $100 a barrel.
Parabolic Moves are Only Temporary for Silver and Gold
Oxen Group Nightly - May 3, 2011 - Stock Market Recap
Oxen Group Nightly - April 27, 2011 - Stock Market Recap
Theme investing can be very profitable for investors provided they catch the plot during the opening chapters. Every day, those that pay attention to the market, even for a few moments, understand the basics of theme based investing.
How many times have you heard a CNBC anchor or the news voice on the radio say something like, “oil stocks are up today on rising oil prices.”
Over the past few years Forex traders have really had to step up their game in order to continue making money in the currency market. Back in the day before currency trading was main stream, currencies used to trend in a direction for a long period of time with a low level of volatility.
The financial sector (XLF) has not participated in the current rally at all. In fact both the 3 month and 1 month performance have the financials lagging other sectors:
This doesn’t speak well of the strength of this rally. The chart of the XLF SPDR ETF also is pretty poor looking…