Locator: 50906INVESTING.
South Korea: will "lock in" oil and LNG from Canada. Link here. The Middle East is clearly not dependable.
MtwhGA: from the Arctic to Venezuela, this is from where oil and natural gas will come for the foreseeable future. Link here. Making the western hemisphere great again (MtwhGA).
"Fake News" vs x:
- "face news" suggests the world is coming to an end;
- x suggests everything is fine.
Morning ("mourning?) of confusion:
- the president says everything is okay and yet "the Iranians" hit the Kuwait civilian airport with missiles --
- the president seems not to mind;
- for all we know, the folks in Tehran do not know of the missile attack on Kuwait;
- sounds like the president is dealing with some low-grade official in Tehran from three days ago (no electronic communication; communication with Tehran is all done with "runners") and the IRGC is operating independently. Dual track:
- fake negotiations; and,
- the Persian Gulf is now an American lake with access controlled by US / IGRC
- CAT is actually up from the opening; see below for the opening; not trading at $125.
- WTI now at $96.01. It opened at $95.66 earlier this morning.
- the longer the strait remains "closed," the more irrelevant it becomes
- Iraq will increase oil exports through Turkish pipeline from 220,000 to 770,000 bopd
- within two months or inshallah
Buying opportunity: the confusion offers a buying opportunity.
Chart of the day:
AI: it's going to be another huge day on the market. Intel and Marvell are both up huge in pre-market.
*********************************
Market
Query:
CNBC said this morning: Bull run: now, nine weeks long -- since March, 1950, this bull run of 9 weeks ranks #16. If that's true with bull run since March, 1950, has been better?
Reply:
Yes, I was wrong. CNBC said "consecutive up weeks," not "bull run." The current "bull run" has been in place for years.
At nine weeks, if we go to ten weeks, it appears this "run" will be tied for #3.
As an aside: highly recommend continuing the discussion at ChatGPT.
