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January 2010



Watch out for S/T drop in oil prices in 1H2010

January 22, 2010 – Comments (1) | RELATED TICKERS: BP , PBR , TOT

High inventories and weak demand spell price declines for oil.  This is a bummer for me as I am long oil but I am bullish on it for the long-term so I will be looking to add to my positions if we get down to $60 or $65 per barrel.  The point below about China's 2009 oil demand being artificially inflated due to stockpiling is very interesting.   [more]



US retail overcapitalized

January 15, 2010 – Comments (1) | RELATED TICKERS: XRT , VCR

 [all text below quoted - see link for full article]  [more]



The US Consumer - still increasing savings

January 07, 2010 – Comments (4) | RELATED TICKERS: XRT , VCR

Here's more justification on my short of US retail (see earlier blog posts).  The 2009 holiday shopping season turned out a bit better than I had expected but I still am a believer that US retail will go nowhere for the next year or two.  In the grand scheme of things, this is a great trend for the country but in the short term it paints a lackluster economic picture.  [more]

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