How the weeks fly by....so busy recently focusing on the markets and stocks and positions and marketing and fund organization that the blog entries each Friday simply got sidelined for a few weeks, well now they are back - and with a vengeance! Also throwing stuff up on twitter as well which has been fun/interesting. Just working the social media angle. So "OIL" is firmly over $100/barrel, creeping towards $110, which equates to a bigger chunk of the taxpayer's disposable income going towards filling up their gas tanks and handing over their hard earned dollars and tax cut savings to Big Oil.
Interesting story about XLE and the amount of institutional money flowing into that energy ETF. Smart money knows oil and subsequently gas is going higher. On the global front, first it was Egypt, then Libya, now the experts are saying Bahrain and/or Algeria are going to go into chaos, followed shortly thereafter by Saudi Arabia. We will see how many dominoes topple in this middle east throw-down. The economy is still showing starts of moving in the right direction so that bodes well for the markets but temper that with inflation and fears of rising oil prices and it is an interesting environment these days.
The VIX has been jumpy lately bouncing around its 20 and 50 day moving averages. Gotta love volatility - it is how we all get paid.
Keep your friends close, your enemies closer and your stops even closer.
Labels: commentary, economics, economy, energy, funds, gas, motivation, oil, vix