For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could stay between 35 and 40, a few bucks higher than now, many of the troubled Oil Companies can pull off the unthinkable and stay afloat. That would relieve the biggest stress on our system out there at the moment and drive all stocks higher if we took it off the table. Not really. Especially when you consider the two trends like the dollar getting weaker and commodities like copper going higher. Those are big changes. I dont know if they
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow enough to cover the debt load. Hence, bankruptcy on the horizon. This is a big but. If crude could
Positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. I dont want to argue facts. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Horizon. This is a big but. If crude could stay between 35 and 40, a few bucks higher than now, many of the troubled Oil Companies can pull off the unthinkable and stay afloat. That woul
I dont know what their data shows. I dont know what they are doing. They have not had any contact with me about the race. I dont want any contact with them about the race. Reporter but overall, it has gotten ugly with Campaign Signs on both sides. Some argue big money is not new. Casinos, soda campaigns and unions have poured money into politics. Chevron says the amount of money we spent to inform voters must be viewed in context of the taxes, spending on local vendors from chevron over the past five years. Ramsey says what he hopes happens tomorrow is that voters can tune out the outside influence and focus on the messages of the candidates. Ken. A very, very interesting debate going on. The race will be fascinating. Thank you. Both sides say the money in this race is a result of the Supreme Court decision that struck down limits on campaign donations. Both candidates in the fight for the south bay congressional seat are making a final push. There is a plan for education and the econo
Zipper crews move past. Three Armed Robbers got away with pricy jewelry at a tiffany in San Francisco. It happened around 3 00 yesterday afternoon at the westfield mall on market street. Police say the suspects told everyone to get down and forced an employee to open up jewelry cases. One of employees inside sent a message to her father right after the crime. I just got one text it said, we have been robbed. If you hear anything, im okay. In the middle of mall there are a lot of people. How is that possible . There were Security Guard and cameras but the suspects got away. No one inside the store was hurt. The value of the stolen merchandise is unknown. This was the not the only recent highend retail heist in the bay area. In november, burglars busted through this chanel boutique in union square and got 250,000 in handbags. A Computer Security breach may have compromised the personal data of 80 million people. Hackers stole information from anthem, incorporated, one of the Largest Heal