ELAM: Crude prices rally

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Crude prices found support Thursday after Russia’s Energy Ministry pledged to cut daily crude production this month by 971,000 bpd from the baseline of...

ELAM: A Texas Stock Exchange

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New York politicians have taken the New York Stock Exchange (NYSE) and the National Association of Security Dealers (NASD) more or less for granted....

ELAM: Cloudy future for software

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Yesterday, Thursday, Salesforce 20% share price drop subtracted 352 points from the Dow Industrials. Revenue for the quarter ended, April rose a mere 10.7%...

ELAM: A double top in stock indexes

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Ten of eleven sectors in the S&P fell Thursday. The market has a really risk off tone. Stocks Drop Despite Nvidia’s Rally, Friday’s Wall Street...

ELAM: Dow 40,000

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The market is too strong to sell and too overbought to buy. Box score - I have been wrong on the overall stock market but...

ELAM: Oil price low looms

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Last week this column allowed that if oil held the $78 level, the original idea of a price rally could still happen. That now...

ELAM: Oil prices retreat

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Crude oil prices, West Texas Intermediate (WTIC) have dropped 6.3% in the last five days. — Barchart.com The oil price rally evaporated even faster than it...

ELAM: Oil corrects, tech stocks top

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Berkshire now owns a 27% stake in Occidental Petroleum worth $13.6 billion. — December 14, 2023 That is Warren Buffet’s BRK company. June crude oil hit...

ELAM: Energy states fuel economy

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Fossil fuel producing states helped boost the U.S. economy by 2.5% last year. The economies of Texas and New Mexico grew 5.7% and 4.1%....

ELAM: Gasoline prices set to soar

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Jamie Dimon, CEO JP Morgan, predicts interest rates could reach 8% in a few years. In a few years, how about, say, two years? Eight...