The Rising Influence of Rising Affluence

[benfrankledger]

$KMI lost almost -15% of its value this year, in an environment where the SPDR S&P 500 Trust ETF has posted mirror image gains of almost 15.5%.

The irony of this has not been lost on investors that continue to question the company’s credibility. The reality is that the longer-term picture is actually far worse, as the stock has lost more than 55.5% over the last five years.

But when we consider the combined effect of rising oil values, a falling US Dollar, and encouraging earnings performances, we could see an end to all of this negativity sooner rather than later.