The Traderszone Network

Alec Baldwin tells CNN’s Chloe Melas he will bring back his famous Donald Trump impersonation to “Saturday Night Live” this fall.

The two big events I’m watching from last week are oil and the health care situation. Let’s start with oil which everyone knows has been in the tank. But the business media did something last week I’ve never seen before. Last week they told us oil went into a bear market. Never mind oil is 3+ years off the high depending on which high you look at. The high is over 100. Anyone who follows the business media knows they incorrectly define a bear market is when a market drops 20%. Not 19%, but 20%.

Italy has bailed out two small banks in one of its wealthiest regions. Why has it done this? Why has the EU allowed it to? And what does this mean for the EU’s bank resolution rules – and for the future of the Eurozone?

hmmm….

We started the day with a gold flash-crash…

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…goes round in circles but accomplishes nothing…

Source: Townhall.com

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Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

With the winter ahead and the temperature holding above average how will that affect the Utilities like National Grid who have worldwide exposure to global warming plus solar as a competitor. Natgas has not rebounded and looks to not be returning anytime soon.

$ngg is @ $57.8 in the fall with more days of warm than usual so lets track it as a global warming victim 5.21% yield keeps the price target to 60.00 But If they cut the dividend its hitting 48.00 if not then they will remain stable…

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