Friday, May 02, 2008


The settlement of the long drawn out labor dispute in Nigeria is the reason the price of oil fell from 119 to 112 so fast. The result will be the immediate flow of about 800,000 barrels of good quality oil every day. (Source of info:

This morning factory orders for February were revised upward and they came in very strong in the month of March. As anecdotal evidence, an employee at Flowserve says that industrial values are jumping off the shelves into the hands of Chinese and Indian vendors.

The market has had a nice run. As such, a short term pause would not be a surprise, however, another big leg up would not be a surprise either. It is not the time to get too cute or the time to be too timid. Keep on averaging those dollars at as rapid a pace as you can. Money invested before a boom is powerful money.

The dollar is showing strength in anticipation of strong US economic strength, relative to the rest of the world. The rest of the world may slow a bit while the US moves ahead. BUY, BUY, BUY!