The people you meet, and the books you read...
SMH - thanks, sounds like an intriguing book. I'm going to
order it today. I've always agreed with the old adage that
our lives are most impacted by the people we meet, and the
books we read.
I got to spend a lot of "off time" reading over the last
week. Two books in particular. Ayn Rand's Atlas Shrugged,
and another that I'll recommend, and talk about later this
weekend.
Everyone wants to look into the future to determine where
the markets are going.
China, India, the BRIC story, Peak Oil, the New World Order etc.
Nothing in this market is really new. The names may change,
but the stories remain the same.
I've always believed that more answers can be found in the
past, than in the future... because while markets always
change, people never do.
I've got a verrrrrrry long winded rant coming this Memorial
Day weekend about that.
Something that's really piqued my interest regarding all
the hoopla about Oil prices is the old tome` that...
"Markets form opinions - not vice versa."
That brings to mind the recent flip-flop by the man that
many consider the most informed oil-man in the industry,
T-Boone Pickens.
In Q-1 of this year, T-Boone was massively short Crude Oil.
What changed?
Certainly not demand - it's fallen a bit.
Certainly not supply - it's risen a bit.
No one's invaded Iran - yet (vbg).
And the Israeli stock market is not indicating any sudden
geopolitical surprises in the Mid-East (a tip there...
as all of you should be constantly monitoring the Israeli
market).
So what's changed over the last 45 days in the oil market?
Has the market merely changed Boone's opinion,
and is he now just talking his own book?
What do you think?
A final thought...
Read more!
...grab a copy of Atlas Shrugged today, or the Farrell book that SMH just reco'd.
And PS: here's a new Sliderism:
"Look more to the past, than to the future, and you'll
find more answers to the present."
I guarantee it.
Mo later,
SliderOnTheBlack |
