Seems oil has finally gained a little strength albeit the legs may be somewhat a little shaky. Traders took the DOHA meetings failure on the chin and actuallygained on the news, I suppose it was expected. I wasn't shocked in the least personally, but was surprised at the gain, I expected a 5-6% drop at least.
I don't think the strength in oil has hurt the market has at all either, actually I'm shocked the weakness in the banks hasn't hurt more. DOW hitting 18K again, somebody's likes what's going on. Personally, I have a little feeling of impending dread, like someone's going to pull the rug out from under everything (maybe I read too much Don Diego stuff haha), we'll see. The only thing I have confidence is is energy, people will always need it, that and toilet paper(KMB has kicked butt for me ). Anyway, interesting times.
BTW Everyone knows a blind squirrel finds a nut every now and again. About a month ago I read some small article about a co. called Crestwood Equity Partners (CEQP). I gave it a quick glance and it went against everything I look at with my initial scan of certain things, EPS (-5.90), History (horrible), dividend (58%) et. al. Well anyway, I went ahead and bought a couple few hundred and it quickly went to 12 something and figured I'd go ahed and sell, take the quickie 40% yesterday. HA! I wake up and over 18 bucks. Reminds me being back in the late 90's when stocks would jump huge overnight, remember the dot com era? Anyway, I don't care about the stock, I was just playing. I might keep a token but but otherwise, bye bye CEQP.
I don't think the strength in oil has hurt the market has at all either, actually I'm shocked the weakness in the banks hasn't hurt more. DOW hitting 18K again, somebody's likes what's going on. Personally, I have a little feeling of impending dread, like someone's going to pull the rug out from under everything (maybe I read too much Don Diego stuff haha), we'll see. The only thing I have confidence is is energy, people will always need it, that and toilet paper(KMB has kicked butt for me ). Anyway, interesting times.
BTW Everyone knows a blind squirrel finds a nut every now and again. About a month ago I read some small article about a co. called Crestwood Equity Partners (CEQP). I gave it a quick glance and it went against everything I look at with my initial scan of certain things, EPS (-5.90), History (horrible), dividend (58%) et. al. Well anyway, I went ahead and bought a couple few hundred and it quickly went to 12 something and figured I'd go ahed and sell, take the quickie 40% yesterday. HA! I wake up and over 18 bucks. Reminds me being back in the late 90's when stocks would jump huge overnight, remember the dot com era? Anyway, I don't care about the stock, I was just playing. I might keep a token but but otherwise, bye bye CEQP.
