Anyway, I am in a good mood. I just got Internet via cable and it seems better. It took me a solid week to get it working, the splitter was causing problems.
- People are concerned about credit (or lack there of)
- The flop of BX has people worried that private equity deals will dry up
- But the market has been resilient to bad news.
- Earnings have been solid.
- Will the fed do anything?
Ok, all that had nothing to do with MFI. Of course my trading is alledgedly finished until next summer, not sure what to chat about.
Interesting article from IBD (Refiners Running Out Of Gas?) about refiners (of which I now own 2). They suggest that margins have hit their peak (around $24) and may drop as low as $8. The same thing was said last Sept/Oct... the drops are seasonal in my opinion and they'll pop back up next Spring as they gear up for the Summer driving season. Until you see people driving less or new refining capacity built, the refiners have an oligopoly. That being said, IBD could very well be right that the stock prices may tumble some as the margins contract. Oh well.
Here is my stock market contest update from the groups board:
| Delete | ||||||
|---|---|---|---|---|---|---|
| 1 | $153,873.80 | +0.00% | +2.58% | 24 | ||
| 2 | $150,709.72 | +0.00% | +0.47% | 15 | ||
| 3 | $150,491.11 | +0.00% | +0.33% | 15 | ||
| 4 | $150,194.66 | +0.00% | +0.13% | 15 | ||
| 5 | $149,218.64 | +0.00% | -0.52% | 15 | ||
| 6 | $148,756.38 | +0.00% | -0.83% | 20 | ||
| 7 | $146,761.41 | +0.00% | -2.16% | 15 | ||
| 8 | $146,284.00 | +0.00% | -2.48% | 15 | ||
| 9 | $146,249.62 | +0.00% | -2.50% | 15 | ||
| 10 | $146,242.77 | +0.00% | -2.50% | 25 | ||
| 11 | $145,769.47 | +0.00% | -2.82% | 25 | ||
| 12 | $145,558.79 | +0.00% | -2.96% | 15 | ||
| 13 | $145,376.45 | +0.00% | -3.08% | 15 | ||
| 14 | $144,600.68 | +0.00% | -3.60% | 15 | ||
| 15 | $144,321.98 | +0.00% | -3.79% | 15 | ||
| 16 | $144,202.28 | +0.00% | -3.87% | 15 | ||
| 17 | $144,186.20 | +0.00% | -3.88% | 15 | ||
| 18 | $143,528.57 | +0.00% | -4.31% | 4 | ||
| 19 | $143,463.42 | +0.00% | -4.36% | 12 | ||
| 20 | $143,199.72 | +0.00% | -4.53% | 15 | ||
| 21 | $143,170.23 | +0.00% | -4.55% | 27 | ||
| 22 | $143,032.63 | +0.00% | -4.64% | 17 | ||
| 23 | $142,697.82 | +0.00% | -4.87% | 20 | ||
| 24 | $142,292.19 | +0.00% | -5.14% | 15 | ||
| 25 | $142,245.77 | +0.00% | -5.17% | 12 | ||
| 26 | $142,023.00 | +0.00% | -5.32% | 15 | ||
| 27 | $141,833.57 | +0.00% | -5.44% | 17 | ||
| 28 | $140,997.86 | +0.00% | -6.00% | 30 | ||
| 29 | $140,793.17 | +0.00% | -6.14% | 15 | ||
| 30 | $140,776.75 | +0.00% | -6.15% | 15 |
| Delete | ||||||
|---|---|---|---|---|---|---|
| 31 | $140,530.55 | +0.00% | -6.31% | 15 | ||
| 32 | $139,704.72 | +0.00% | -6.86% | 15 | ||
| 33 | $139,420.55 | +0.00% | -7.05% | 25 | ||
| 34 | $139,280.07 | +0.00% | -7.15% | 15 | ||
| 35 | $139,176.24 | +0.00% | -7.22% | 19 | ||
| 36 | $138,654.96 | +0.00% | -7.56% | 26 | ||
| 37 | $138,639.39 | +0.00% | -7.57% | 15 | ||
| 38 | $138,295.62 | +0.00% | -7.80% | 15 | ||
| 39 | $138,014.00 | +0.00% | -7.99% | 14 | ||
| 40 | $137,939.34 | +0.00% | -8.04% | 15 | ||
| 41 | $137,155.92 | +0.00% | -8.56% | 15 | ||
| 42 | $137,122.77 | +0.00% | -8.58% | 15 | ||
| 43 | $136,322.31 | +0.00% | -9.12% | 15 | ||
| 44 | $135,768.88 | +0.00% | -9.49% | 17 |
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