This is making me incredibly nervous. Have you noticed oil sentiment has changed completely? All hope is lost. It only took 15 months of steady declines to get rid of it. Now everyone sees, reports on, and accepts the tough reality ahead for oil. Take this note from BMI Research. It says, “What is underway…
DetailsIt was a cowardly act of war… An assault – so callous, so dangerous – struck fear in the hearts of millions of people that thought terror groups were on the run. Or so, we thought… Nights ago, armed terrorists stormed France with the sole intention of striking fear into the hearts of citizens, killing…
DetailsIt’s a fool’s bet to go long oil at this point, we noted here and here. We still have more oil than we know what to do with. Saudi Arabia just said it would not stop pumping oil to boost prices. And the U.S. Energy Information Administration just reported that crude stockpiles grew by 2.8…
DetailsBut who’s protecting you from Uber? What do you mean? Protecting ME…from Uber? If there’s no regulation, who’s going to protect you from Uber? Hmmm…I don’t know. I think it’s great. I guess it just works. So who’s really being protected by the regulations, the customer or the taxi operators? That’s a conversation I had…
DetailsThe key to success in anything is picking what advice to take. The good news is there are only three types of advice. There’s good advice. You get it all the time from friends, family, colleagues, etc. If you get enough of it and and follow it, you know the benefits. There’s bad advice. You…
DetailsClovis Oncology (CLVS) made major headlines after plunging 72% or $71.80 just yesterday. But what we’re seeing may just be another overreaction to news the FDA requested further information for efficacy analysis in drugs for the treatment of epidermal growth factor receptor (EFGR) T790M-positive lung cancer. While the company will provide the necessary information, it’s…
DetailsI can’t tell you how much I really thought this was going to be one of my all-time great ideas. It was so simple…so unnoticed…so safe…it just had it all. It reminded me of the “ah ha” moment I had in 2006 when I returned to my home town in Pennsylvania and really realized houses…
DetailsOn a webinar, a fellow subscriber asked for our opinion on the state of the oil market and if we saw buying opportunities, as of yet. In short, the answer was no… Given recent developments between OPEC, oil super majors, and interesting developments at sea, we see no reason to change our bearish stance. OPEC…
Details“Explain this to me. How did I just lose $5,000 on my oil bet?” That’s what my friend just e-mailed me about 10 minutes ago. He tells me be bought because of the news that $397.4 million was just pumped into the U.S. Oil Fund, that insiders are buying energy stocks, that T. Boone Pickens…
DetailsEvery year there’s a drought somewhere. Each time the government response is rationing and regulation which only makes the problem worse. After the drought turns into a water crisis, it brings back the old “water is the next oil” Neo-Malthusian investment trope and investors plow money into water utility stocks. Each time investors are left…
DetailsAllergan and Pfizer are considering a massive merger worth more than $330 billion, making it the biggest deal of the year if it goes through… Shire PLC struck an all-cash deal to acquire Dyax Corporation at $6.5 billion shortly after acquiring NPS Pharmaceuticals at $5.2 billion. Bristol-Myers Squibb is acquiring Cardioxyl Pharmaceuticals for just over…
DetailsBiotech stocks have been on an incredible run over the last few years – especially those that help treat unmet medical needs. The hepatitis C market is the perfect example. In July 2012, the World Health Organization estimated that hepatitis C affected up to 170 million people worldwide, leading to death, liver damage, issues of…
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