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2.24.2016 - Insiders Club Bookmark

2.24.2016

Morning all, welcome to another day in "mania-ville"

So yesterday we had oil pull down, and then the Saudi oil minister simply came on State TV and said "forget production cuts...it ain't gunna happen". That was more than enough to pull the rug out from the market.

But it wasn't just that.  Oil and the Saudi guy are important no doubt....but maybe more important was that oil and the Saudi guy hit right as the market was face planted into stiff resistance.

1.7.2016 - Insiders Club Bookmark

1.7.2016

Good morning all, welcome to what looks like a nasty day shaping up.

Last night the China market opened and inside of just 15 minutes it fell over 7%, causing their circuit breakers to kick in and stop all trading for the day. That news traveled around the world quickly  and all the global markets took a pretty big hit. Last I looked Germany was down almost 400 points.

1.4.2015 - Insiders Club Bookmark

1.4.2016

Good morning all, welcome to the first trading day of 2016, and what a year it's going to be. Just this weekend we see the Lunatics that are indeed the Saudi Arabians, have beheaded  one Iranian Shiite Clerica along with 46 other "prisoners".  As you might imagine, that's got the Middle East all fired up, as Iran has said they're not going to let this pass.

Let's be clear. I said Sunday that this year I'm going to "let loose" a lot more than I usually do, and this is as good a time to start as any. If I get offensive, well... sorry about that, but sometimes simple reporting doesn't cut it. So let's get to it. The Saud's are scumbags of incredible scope. The ONLY reason anyone would tolerate that dung heap of sub-humanity is because of oil of course. That's it. Period.

12.22.2014 Saudi's say "We don't Care!" Bookmark

Reuters is reporting that Saudi Arabia has declared that they're not cutting production even if oil goes all the way down to 20. That's a pretty bold statement. But wait it gets better...the oil minister then said "we might not see 100 dollar oil again".  Meaning "ever".

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