28 January, 2015 by The TZ Newswire Staff Comments Off on Crude Contagion: California’s Kern County Declares Fiscal Emergency Due To Plunging Oil Price
Crude Contagion: California’s Kern County Declares Fiscal Emergency Due To Plunging Oil Price
At this point only an act of god, or a sudden Saudi change of heart to cut crude production by 50% (unclear which is more probable) can prevent a recession in Texas. However, one state that few thought would be impaired as a result of the crude plunge, is California.
28 January, 2015 by The TZ Newswire Staff Comments Off on Microsoft Corporation Stock Slips Post Earnings: Bargain or Bull Trap?
Microsoft Corporation Stock Slips Post Earnings: Bargain or Bull Trap?
28 January, 2015 by The TZ Newswire Staff Comments Off on No Surprises From Vertex Pharmaceuticals Incorporated. Yet.
No Surprises From Vertex Pharmaceuticals Incorporated. Yet.
Having pre-released revenue and guidance at J.P. Morgan, Vertex didn’t offer much news on its earnings call, although we should get news soon.
28 January, 2015 by The TZ Newswire Staff Comments Off on Cirrus Logic, Inc. Earnings: More Than Just a Record Quarter for Apple iPhone
Cirrus Logic, Inc. Earnings: More Than Just a Record Quarter for Apple iPhone
Cirrus Logic’s largest customer, Apple, broke iPhone records in the latest quarter, which certainly helped the audio chip provider. But that’s not the whole story.
28 January, 2015 by The TZ Newswire Staff Comments Off on Why The U.S. Shale Boom May Come To Abrupt End
Why The U.S. Shale Boom May Come To Abrupt End
Submitted by Arthur Berman via OilPrice.com,
U.S tight oil production from shale plays will fall more quickly than most assume.
Why? High decline rates from shale reservoirs is given. The more interesting reasons are the compounding effects of pad drilling on rig count and poorer average well performance with time.
28 January, 2015 by The TZ Newswire Staff Comments Off on What Would You Do?
What Would You Do?
Courtesy of Paul Price
Suppose you had the technical ability and raw materials to print up counterfeit dollars, euros or yen that were identical to the real things. Assume you could spend them as fast as you could create them with no fear of any repercussions.
Would you prudently print up only as much fresh currency as you needed for your current lifestyle? Would you create just a bit more than that to help relatives or those in need?
28 January, 2015 by The TZ Newswire Staff Comments Off on The Market Is Dazed and Confused Right Now
The Market Is Dazed and Confused Right Now
Such odd behavior we’re seeing in this market. The false starts, the fails, the rally then the sell off. It’s got it all. Chop with a lower bias.
This action tells me that the market is indecisive, it tells me that earnings are the focus, but Europe, Russia, and collapsing oil prices are still in the back of everyone’s mind.
I looked at the charts of the major indices and it just tells me that they are in a trading range right now.
SPX trades from 2000-2060
QQQ trades from 100 to 104