OT: Look for further support of Oil and Gas prices as the governments continue to step up efforts to support the financial industry. I first thought that JP Morgan was a white knight, along with Uncle Sam. NOT. For every one dollar the government puts up, JP Morgan puts up one penny. Who is the biggest gambler on Wall Street?
In derivatives trading, JP Morgan is overwhelmingly the biggest player of them all. They control $91.7 trillion in derivatives, or over 53% of all derivatives held by US commercial banks and all with little more than $1.2 trillion in assets! Are they packaging one mess into another?
Look for further interest rates cuts and for the government to continue to cover the losses. This will put continuing pressure on the dollar, step up inflation and put a floor on commodity prices. i. e. oil.
Again, Oil and Gas in a good place to be. Couple this with world tension, increase foreign demand, peak oil constrains, no US energy strategy, a weak government and the elections process and the change over lag. What do you have? A mess on your hands, yet, an opportunity, as well.
CB, now is the time to move and start playing your cards.
We investors, in AENP, have been in the ditch, so long, it feels like home. Now we are being joined by some high flyers.
Sorry big guys, you can have my seat because I am about to leave!!!!!!!
