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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (14060)	4/27/2013 2:02:03 AM
From: richardred	1 Recommendation Read Replies (2) \| Respond to of 33421

Appreciate the comments and opinion. >I think the long term trend is clear in the NG industry. We have the cheapest NG of any developed economy, so it stands to reason there will be increasing utilization of that resource. I so much agree, Hawk. I've mentioned it before, but when I see Dow Chemical & other big chemicals Cap-X spend to use NG as a feed stock. It catches my attention.. Especially since we still have OPEC. Just imagine OPEC reaction, if our American & Free World Global industries got together to set prices to OPEC customers. Over time I think we will see the demise of OPEC. However our US oil companies, partner and feed off of them. P.S. This market has been resilient one. The Bears have been waiting and the Bulls. Well, I think I heard a good analogy from Rick Santelli? Their riding the Titanic. Will it last till the end of May or longer? May, a usually bad month. I can only guess, but I know where my life jacket is. I'm not ready to jump ship yet, but I know the lifeboats will be full on events of trouble. I don't think the FED can do much bailing if the ship hits an iceberg this time. Street Paper gains disappear overnight, but the solid brick and mortar we invested in will still be there. Rick

To: Hawkmoon who wrote (14060)	4/28/2013 11:37:43 AM
From: John Pitera	4 Recommendations Respond to of 33421

I am going to Chicago on business for 2 weeks...leaving this afternoon and my schedule will be super busy while I am in the windy city. I suspect I am not going to have time to post. Maybe I can get to Wrigley on Saturday and watch the Cubs..... everyone take care and all of my friends and correspondants on SI are always close to my heart. my very best regards and wishes for everyone, John

To: Hawkmoon who wrote (14060)	6/13/2013 3:53:17 AM
From: John Pitera	1 Recommendation Recommended By roguedolphin Respond to of 33421

Play Video 'These Are Very Scary Times': Gartman Wednesday, 12 Jun 2013 \| 5:25 PM ET Volatility in foreign exchanges has made Dennis Gartman of The Gartman Letter cut his Japanese yen exposure way down. Wild fluctuations in the Japanese yen over the past few days have been frightening, Dennis Gartman of The Gartman Letter said Wednesday. "I haven't seen action like this since the days of Russian problems back in '97," he said. "These are scary times. I've been trading foreign exchange for a long time. These things frighten me, and I've got to tell you: I'm cutting my positions way down just because of the volatility's so large." On CNBC's " Fast Money," Gartman said that he had backed off moves of $2 million to $5 million in the yen trade, opting for smaller $500,000 to $1 million "just to keep the volatility to something that is reasonable." "I mean, these are very scary times," he added. (Read More: 'The Problem Is the Dollar,' FX Pro Says) Play Video Rates Rise, So Will Stocks: Gartman The Fed has no intention of tightening monetary policy, which could be bullish for stocks, Dennis Gartman of The Gartman Letter says. Gartman said that he would continue to be "very, very bearish" of the yen, expecting the Japanese currency to trade 125, maybe 150, to the U.S. dollar over the next couple of years. "But again, I traded dollar-yen back in the 1970s when it traded 285, so to think it going to 125, even 150, is not that large a move for me over a long period of time. (Read More: It's Time to Get Bearish on Japan Again: Dennis Gartman) Gartman noted that he preferred to trade other currencies against the yen. "If I come back into the trade, I'm going to buying Canada, I'm going to be buying the Aussie," he said. "I may even buy Kiwi and sell yen against that."