This warm weather is lowering demand for natural gas and heating oil. What the market does is all in the hands of the weatherman.
We've recently seen a series of minor conflagrations in Nigeria, which are resolved swiftly. The headlines raise awareness in the market but the price rises soon fade.
The worst possible outcome for the stock market is that it takes a month to decide the election,
The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.
Prices went a lot higher than most of us expected a year ago. The factors that caused prices to surge aren't likely to go away next year. The volatility of the market may even increase.
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.
Despite the news of escalation, I think the market does not believe it's going to have a real impact on supplies.
They're supplying the market the best they can, but they have very little impact on global refinery capacity and very little impact on geopolitical events.
The bigger question is does OPEC have excess capacity that it can tap into in the longer-term, ... It appears they're unlikely to raise their quotas, and that's not going to assuage market concerns about their capacity.
The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.
The economy and corporate America remains solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.
The economy and corporate America remain solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.