ftalphaville.ft.com - 10/30/2009
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Remember the days when hurricanes and geo-political events made oil fly?
Well, according to Olivier Jakob at Petromatrix, those days -- for the time being at least -- should be forgotten. The correlations between the Dow, the dollar and oil are now so well set, traders simply can't afford to ...
tonto.eia.doe.gov - 10/25/2009
prudentinvestor.blogspot.com - 10/30/2009
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prudentinvestor.blogspot.com —
As Obamacare dominates the American lamestream media, the
fundamentallly most important news for oil and the dollar...
was to be found first in the Theran News on October 27. The Iranian Oil Bourse was finally inaugurated last Monday, after such a statement was already made in February 2008 , ...
(more)
Dollar Danger: Iranian Oil Bourse Steps Up Activities
247wallst.com - 10/28/2009
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247wallst.com —
We have just seen this week’s latest Department
of Energy weekly oil inventory data. The new report...
is on the heels of a sudden rise in oil prices followed by an almost just as sudden drop in oil prices this week. Fortunately for the consumer, ...
(more)
DOE Oil Inventories Back Up (OIH, DIG, USO, OIL)
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Friday links: slow capital
Abnormal Returns —
... (IndexUniverse)
David Merkel, “Bond indexes are what they are. They represent the average dollar invested in the bond markets. Those that say that the indexes are flawed miss the point.” (Aleph Blog)
Flows into junk bond mutual funds are helping push yields lower. (BusinessWeek)
Is HFT driving market correlations higher? (FT Alphaville)
Taking a closer look at the newish ...
Calling the next bubble: is there currently a “dollar-led asset bubble”?
Knowledge Problem —
... that yes there was a {internet company | real estate | … | tulip bulb} price bubble is frequently longer than the list of people who publicly announce a bubble in unequivocal terms in advance of a crash. But here you have someone willing to stick their neck out:
“It seems quite clear to us that the (Nymex) futures market is currently part of an dollar-led asset bubble,” said Olivier Jakob of Petromatrix in Switzerland.
FT Energy Source provides some context from Jakob:
Remember the days ...
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...
DOE Mixed Inventory Driving Oil Prices (OIH, DIG, USO, OIL)
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Huge Surprise in Oil Inventory Data (OIH, USO, OIL)
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