DIBS, you are right about the dollar, but what moves the dollar? Now I think the main factor now is the EU freakout factor, thanks to Greece and Portugal and the euro is sold and the dollar sought for safety — away from other riskier assets including US equities and commodities. So it seems that the EU/dollar factor might be driving the near term movement in commodities. Regarding oil, you have the investor overlay (i.e. getting out of longs now) but demand has been terrible. Stocks of refined products were so high that refineries are running at historically low levels and still they are not working down inventories very much. So the demand side is still terrible.
Trying to figure out where the dollar thing turns around though is really tricky. I sure don’t know.
…alright, I called the Psychic Squirrels Network number
1 (800) NUTS R US
since I’m looking to play the new Powerball and they
told me to play the combined number of hairballs from brownstoner threads.
Why, why, why, why Why WHY oh WHY does ice cream go on sale?!?!?
And why do I HAVE TO buy it?
Carvel rules – especially the pistachio brown bonnets
quick survey:
Is Carvel Ice Cream considered ghetto!? i think not
*rob*
Apparently the earlier story was wrong and all 10 of them are now charged with kidnapping!!!!
There won’t be an open trial and it will take the judge three months to render a verdict.
Ooooppps
haha – no wasder!! for once!
thanks dibs – i’ll check those place out!
I just called the Psychic Squirrels number and they recommended my house as a preferred bed and breakfast. Plenty of fiber.
DIBS, you are right about the dollar, but what moves the dollar? Now I think the main factor now is the EU freakout factor, thanks to Greece and Portugal and the euro is sold and the dollar sought for safety — away from other riskier assets including US equities and commodities. So it seems that the EU/dollar factor might be driving the near term movement in commodities. Regarding oil, you have the investor overlay (i.e. getting out of longs now) but demand has been terrible. Stocks of refined products were so high that refineries are running at historically low levels and still they are not working down inventories very much. So the demand side is still terrible.
Trying to figure out where the dollar thing turns around though is really tricky. I sure don’t know.
A coworker just asked me, “Can you post things on a blog and no one knows who you are?”
I assured her yes, in fact I was doing it right now.
Posted by: infinitejester at February 4, 2010 3:09 PM
God and your conscience both know; provided you have a conscience.
…alright, I called the Psychic Squirrels Network number
1 (800) NUTS R US
since I’m looking to play the new Powerball and they
told me to play the combined number of hairballs from brownstoner threads.
I’ll let you know how it turns out.