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February 12th, 2014 at 9:07 am
API/Bert – I think the traders know it's BS, don't they? It's an excuse to run things up, nothing more. If not for Keystone, oil would be $85 by now. With Keystone, we may have to adjust to new, long-term higher ranges.
Cramer and Kernin still taking time to badmouth Carter ("didn't he cancel the olympics" "did that guy ever do anything right?") – amazing when you have to go back 40 years to cast dispersions on the other party. Of course, Carter was evil incarnate. He created the Department of Education that tries to school our children and the Department of Energy that tries to stop Big Oil from raping our country. He established a national energy policy that stressed conservation, price control and investing in energy technology – thank goodness Reagan undid that! Of course he also got the SALT agreement signed along with the Panama Canal Treaty. That was in 4 years. What did Bush do again? Either one?
Insurance/DM – Yes, for sure. I'll be going over the STP and looking for rolls this morning.
Oil/DC – I certainly hope so but it's dangerous to try to use logic on oil.
EZCH/Albo – Nice but I think it was expected. 200 dma is $26.25 – if you get over that, you'll be in good shape but, if not, be careful.