Posted on 06/06/2008 10:50:35 AM PDT by rightinthemiddle
"99% of investors need to focus less on the big picture and more on what their stocks are doing," says fund manager Howard Lindzon.
But Lindzon does have some thoughts about the "big picture," particularly the endless debate about oil. Here, he gives the rationale for why $200 oil would be a good thing, because it might finally force America to get serious about alternative energy and get U.S. automakers to really innovate.
"Maybe it's important oil finally goes to $200 so we do something else," he says.
From an investor's perspective, "you can't be ashamed to be making money in oil stocks," Lindzon says. Noting that assets in commodity funds have risen to $260 billion today from $13 billion just a few years ago, Lindzon says it's crazy to bet against oil's rise: "If you're trying to top-tick oil, you are in front of a steam roller and could go broke."
So how does Lindzon, who runs the long-only Lindzon & Associates and is a partner in two other funds called Knight's Bridge Capital Partners, explain why he's recently been trying to short oil?
"I don't practice what I preach," he says, only half-joking.
"Maybe it's important oil finally goes to $200 so we do something else," he says.
There you go.
ping
But the good news it oil will only cost €120 for the rest of the world.
I just learned a new keyboard shortcut for a euro symbol and wanted to see if it would work on html posting. (If you’re interested, the shortcut is to hold down the Alt key and type 0128 to get the Euro symbol.)
Note to moron Left.
Europe all ready does pay around $9.00 a gallon. Why are they not “getting serious about Alternatives”?
***because it might finally force America to get serious about alternative energy***
It might finally force American’s to realize there is NO alternative energy available.
€ - Kool.
NYMEX crude oil 136.69 +14 in two days
Alarming though is RBOB gasoline 3.50 +.16 today
Astounding is heating oil 3.93 +.25 today
These are so far without explanation of any sensible kind.
Well, it is on its way there rapidly today. Up over $9/bbl, topping $137.
Heating oil just went limit-up today. I don’t remember the last time heating oil went limit-up as we were coming OUT of the heating season.
Diesel fuel is going to go to the moon now, and as a result, you’re going to see some real economic disruptions.
For starters we could begin burning enviro-freaks for fuel.
“These are so far without explanation of any sensible kind.”
How about an Israeli minister saying Israel will take Aoddmanhandjob and Iran’s nuclear capabilities in public?
http://www.freerepublic.com/focus/f-news/2027103/posts
Report: Israeli Minister Says ‘We Will Attack Iran’ if Nuke Program Continues
FOX News ^ | Friday, June 06, 2008
Posted on Friday, June 06, 2008 8:38:54 AM by Issaquahking
JERUSALEM — Israel will attack Iran if it doesn’t abandon its nuclear program, a Cabinet minister hoping to replace embattled Prime Minister Ehud Olmert was quoted Friday as saying.
Transportation Minister Shaul Mofaz also said Iranian President Mahmoud Ahmadinejad “will disappear before Israel does,” the Yediot Ahronot daily reported. Ahmadinejad has called repeatedly for Israel’s destruction.
Mofaz’s spokeswoman did not immediately return a call seeking comment on the remarks, which were much more explicit than anything Olmert himself has said. Olmert has gone no further than hinting that Israel was prepared to use force against Iranian nuclear facilities, saying only Tuesday that “the Iranian threat must be stopped by all means. “
It's being blamed on comments out of Israel, as far as not permitting Iran to proceed with their nuclear ambitions.
The Minister of Mass Transit has no jet bombers.
Window dressing for his long positions.
Seen that. No good. Gold is flat today.
Yeah, like increase production in this country finally.
Some of the Euros are very serious about energy. Efficient diesels are a large % of the cars sold there, and nuclear power is enthusiastically embraced, at least in France.
From the context of his comments I took him to be talking about autos.
Europe all ready does pay around $9.00 a gallon. Why are they not “getting serious about Alternatives”?
Are you sure they are not?
http://www.spiegel.de/international/business/0,1518,480186,00.html
http://www.biodieselinvesting.com/biodiesel-archives/category/europe/
Keep in mind most of the Europe fuel cost is tax. Pretty easy for the governments to apply the same to other fuels as well.
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