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Tag Archives: oil prices

September 2008 Issue & Supplement

As they say at McDonald’s, you deserve a break today–and now you’ve
got one, thanks to the recent sharp drop in oil prices. I won’t try to
tell you that lower fuel costs, alone, will cure the turmoil in world financial
markets. They won’t. But oil’s spill carries major implications for investors.
What are they? Who stands to benefit the most? Should you sell your oil
stocks right now–or buy more?
In this month’s visit, I’ll give you my straight-from-the-shoulder answers
to these crucial questions. Hint: While the drop in energy prices will
undoubtedly help put the U.S. and other economies back on a stronger
growth track, we aren’t going to be pumping $2 gasoline again anytime
soon. Lay your investment plans accordingly!

September 2008 Issue & Supplement

As they say at McDonald’s, you deserve a break today–and now you’ve
got one, thanks to the recent sharp drop in oil prices. I won’t try to
tell you that lower fuel costs, alone, will cure the turmoil in world financial
markets. They won’t. But oil’s spill carries major implications for investors.
What are they? Who stands to benefit the most? Should you sell your oil
stocks right now–or buy more?
In this month’s visit, I’ll give you my straight-from-the-shoulder answers
to these crucial questions. Hint: While the drop in energy prices will
undoubtedly help put the U.S. and other economies back on a stronger
growth track, we aren’t going to be pumping $2 gasoline again anytime
soon. Lay your investment plans accordingly!

Well, There You Go

O ye of little faith! When our first signal to buy bonds was tripped October 14, I heard from subscribers who feared that the door might shut before they got a chance to scamper in. Sure enough, the latest wave of inflation jitters pushed the 10-year Treasury yield up through 4.5% again today. We closed at 4.51% for a second, clear-cut buy signal.

Working on a Top

Today’s stock market rally continues to follow our script remarkably well. We’ve told you for the past several weeks that the market was setting up for a top between late June and mid-July (maybe the third week of July at the latest).

OIL CRACKS — NOW WHAT?

The price of crude oil is tumbling again this morning, to below $43 a barrel — down from a peak over $49 last Friday. That’s a big drop in a short time, and it’s providing support for the stock market’s ongoing rebound off the August lows.