Just a data point. Doesn't mean a thing to long-term investors. February, 2016, futures, have oil selling for $80/bbl.
But all things being equal, I prefer the price of oil moving in this direction, as opposed to some other direction.
Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.
A contrarian analyst has a contrarian view of what will happen if/when the Fed tapers (actually, the Fed has already begun tapering). This contrarian analyst feels that interest rates will actually drop. More likely they will simply remain flat or very, very low.
If accurate, it certainly makes dividend-paying utilities like CVX, COP, and XOM look nice for the long term.
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A Note to the Granddaughters
I've been watching American Graffiti for the past few days: the movie itself, more than several times; the movie with the director commentary; the documentary making the movie.
George Lucas, who went on to Star Wars fame, did the movie to capture what America (or at least inland California) was like before a) the British music invasion; b) the Vietnam war; and, c) free love of the 60s.
He succeeded on all levels. I don't think he realized how great his movie was -- nor did America -- until many, many years later.
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If interested, after watching the video a couple of times, go back and see if you caught the action at 1:10. Start about 1:04 so you don't miss it.
Dylan wanted more intro for himself? Rythem section shares a glance.
ReplyDeleteYes, quite remarkable, isn't it? I always enjoy the spontaneous, the unexpected, the exuberance in videos.
DeleteYes, fun stuff. Music is so powerful. I'm wondering who he then throws the pic to behind the stage?
ReplyDelete... and after he did he came back up to the microphone, he looked pretty intense....
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