Some Profit-Taking On Oil

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you might have read here. 

Wow, the oil companies are hitting new highs today.  SLB continues to surge, hitting another 52-week high. XOM is within a nickel of a 52-week high but both CVX and COP hit new highs. BRK-B hit a new high. KOG was up (I haven't checked in awhile), though OAS was down a bit. SD and TPLM were up earlier (again, I haven't checked in awhile) but CHK down slightly.

BAX and BK both hit new highs.

So, another interesting Monday on Wall Street.

On another note on which I've blogged: the Pope gets it. Too bad President O'Bama does not get it.

The Pope is afraid there will be a whole generation that will never experience the joy of work. The Wall Street Journal is reporting:

Pope Francis warned on Monday that widespread youth unemployment was creating a jobless generation as he traveled to Brazil on the first foreign trip of his papacy.

"We risk having a generation that hasn't held a job. Personal dignity comes from working, from earning your bread. Young people are in a crisis," the pope said.

The global economic malaise is likely to loom large during the papal trip. Pope Francis, history's first pontiff from the global south, has focused his papacy on ministering to the poor—in a message that is likely to resonate in Brazil and other emerging economies, where a recent slowdown in growth is highlighting persistent income inequality and exacerbating public frustrations with perceived government largess.

But it's not just in the emerging markets, emerging countries. In some ways, joblessness can be worse in the OECD.