Crude Tumbles on Bullish News in Energy
For the past year, energy has been on a tear. Breaking through hallowed resistance, crude oil passed $100/barrel, $120, $140, before reaching a peak around $150. Then it fell back to earth. Right now, it doesn’t seem like anything will help it reach that high in the near future. Whatever the news,...
A Slow Fade
Holy cow! Spend a moment reading anything about General Motor’s (GM) quarterly report and you’ll be hard pressed to find anything positive. –A headline $15.5 billion loss, the company’s third worst quarter ever. –The operating loss, excluding special items, was $6.3 billion. –Sales...
