Mar 14, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Natural Gas On The Big Screen

Posted: 14 Mar 2010 06:01 PM PDT

What would you do if someone offered you $1 million for the right to drill for natural gas under your land?

That’s the sort of Jed Clampitt scenario playing out in the piney woods of north Louisiana, under which lies the Haynesville Shale, perhaps the largest natural gas field in North America.

What happens when cash-poor landowners hit the natural resources lottery is a theme in the documentary Haynesville, which make its North American premiere as the main feature at next week’s South … [visit site to read more]


The Market Is Now Perfectly Positioned For A Massive US Dollar Sell-Off

Posted: 14 Mar 2010 05:01 PM PDT

By late 2009, as the U.S. dollar flirted with multi-year lows against most foreign currencies, big investment players crowded into trades that shorted the greenback. Commentators noted that the anti-dollar momentum had taken on a life of its own and that the trade had become too crowded.  It is true that markets have a nasty tendency to move against the crowd.  When a lot of traders agree on a particular trade, it’s more likely that in the short-run the opposite trade will be a … [visit site to read more]

A Simple Question

Posted: 14 Mar 2010 02:43 PM PDT

Question: If things keep getting better in consumerland, why aren’t retailers looking to hire more staff?

Answer: Maybe they believe it’s 2007 all over … [visit site to read more]

A Seasonal Blip

Posted: 14 Mar 2010 01:02 PM PDT

In “Out of Touch with Reality,” I highlighted a post at The Economist’s Free Exchange blog, which featured remarks by economist Mark Zandi suggesting that the February rebound in retail sales was less than it seems.
In fact, as Mr. Zandi notes in an Investor’s Business Daily report, “Extra Stimulus Aid Fuels Sales, But Fiscal Flood Cresting Early,” factors that helped direct wads of cash into consumers’ hands are poised to disappear [red italics mine]:

In gauging the economic recovery’s … [visit site to read more]
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