ELAM: Crude prices rally
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
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
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
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
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
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
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
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
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
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...