Top o the mornin to you all. Those words are coming from Ireland, the land of my ancestors, the home of the four-leaf clover, the leprechaun, and the pot of gold at the end of the rainbow. The fields are green and the folk gentle in this land of rain and heavily populated pubs. Last night, we visited the famous Temple Bar district, home to the famous Temple Bar, the oldest known bar in Dublin. Talk about lively. Folk milling about everywhere, music jams on the street, and the lights of the night colored the evening air with reds, blues, green and every other shade of that rainbow mentioned earlier. Although we did not stumble onto the pot of gold, we did have some fun and we saw the best of Dublin nightlife. Oh, and I did have an Irish beer in a real Irish pub. What a kick to write that …
Fears of a global financial freeze-up caused by the European debt crisis have receded, but many now worry that Europe’s recession will hurt sales by American exporters such as GM and Caterpillar.
Funny, did I not I just write about this very thing? I hope the breathless media isn’t going after my words. Then again, I hope I am not slipping over to the dark side. Nope, I am not. It is just fact, something I endeavor to utilize as much as possible. No, reality ain’t always pretty, even if it is necessary to stay within it when writing about the market.
Your thoughts on the Nat Gas market. Where can I get daily/weekly recommendations for this market?
My thoughts? Hmmm … It seems the market is plagued by oversupply, which probably won’t change until the market for the abundant energy source increases, and that might not be for awhile, as the US, one of the two largest consumers of energy on the planet, is not in any hurry to pass pending legislation toward that end. However, when the US Congress does actually get around to looking after America’s interests first, and it does pass legislation mandating government use of the fuel, offering tax incentives for commercial use of the fuel, and helping develop the necessary infrastructure for distributing the fuel, I think the market will boom. I know I am watching out of the corner of my eye.
As to the second part of your question, well, I am not sure how to answer that, as I am not sure what you mean by recommendations. Are you looking for buy/sell recommendations? If so, I can’t help you, as I develop my own buy/sell recommendations when it comes to playing the market.
Me thinks the market will not be happy today. It seems it is setting itself up for a big cry. The mixed economic data from yesterday (lagging I might add) will surely set the tone for today, so I say, get to crying market. Get it out of your system. Yes, just let it all out …
Trade in the day; Invest in your life …
