6 thoughts on “CHART OF THE DAY

  1. Erik

    You’ve been right about everything since I started following you. Good job! When do you think oil starts going up?

  2. Mark Crawford

    This is just unreal. The market has gone up for 3 weeks at 9% increase. Logic and in normal condition we should see some decline/profit taking. But when robots and algo do the trading, logic is no longer the case.

    1. Sooze

      Surprisingly little comment across the mainstream media about the effect the takeover of the Senate by Republicans will have on Fed policy. It’s hard to have an honest discussion without hateful comments from both red and blue diehards.

      An honest question, without saying one side is ‘better’ than the other (or saying there are no differences at all):

      The Republicans are on the record as saying they want to (at the very least) audit the Fed.

      Gary, do you think that the Fed will now have the unchecked power to simply announce QE4 if the markets go south again? Would the new Republican Congress let them get away with that?

    1. gary Post author

      I really thought the government would come in right after the election and put a bottom in oil. But OPEC is not cutting production even with price in a free fall so it appears something bigger is in play. OPEC really should be defending price here and they’re not. Seems like some kind of deal has been made to keep energy prices low.

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